Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 10-8.1 — Rule against perpetuities; time at which permissible period
N.Y. Est. Powers & Trusts Law § 10-8.1
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 10-8.1 Rule against perpetuities; time at which permissible period
Citator
N.Y. Est. Powers & Trusts Law § 10-8.1 — Rule against perpetuities; time at which permissible period is in force in the current edition of the Code, and nothing recorded condemns it.
§ 10-8.1 Rule against perpetuities; time at which permissible period
begins
(a) Where an estate is created by an instrument exercising a power of appointment, the permissible period of the rule against perpetuities begins:
(1) In the case of an instrument exercising a general power which is presently exercisable, on the effective date of the instrument of exercise.
(2) In all other cases, at the time of the creation of the power.
(b) Where the creator of a trust reserves to himself an unqualified power to revoke, the permissible period of the rule against perpetuities begins when the power to revoke terminates by reason of the death of the creator, by a release of such power or otherwise.