Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 10-7.4 — Creditors of the donee; general power not presently exercisable
N.Y. Est. Powers & Trusts Law § 10-7.4
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 10-7.4 Creditors of the donee; general power not presently exercisable
Citator
N.Y. Est. Powers & Trusts Law § 10-7.4 — Creditors of the donee; general power not presently exercisable is in force in the current edition of the Code, and nothing recorded condemns it.
§ 10-7.4 Creditors of the donee; general power not presently exercisable
(a) Property covered by a general power of appointment which, when created, is not presently exercisable is subject to the payment of the claims of creditors of the donee, his estate and the expenses of administering his estate, only:
(1) If the power was created by the donee in favor of himself; or
(2) If a postponed power becomes exercisable in accordance with the terms of the creating instrument, except in the case of a testamentary general power.