Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 10-8.4 — Rule against accumulations; law determining validity in
N.Y. Est. Powers & Trusts Law § 10-8.4
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 10-8.4 Rule against accumulations; law determining validity in
Citator
N.Y. Est. Powers & Trusts Law § 10-8.4 — Rule against accumulations; law determining validity in is in force in the current edition of the Code, and nothing recorded condemns it.
§ 10-8.4 Rule against accumulations; law determining validity in
exercise of a power of appointment
When a direction for the accumulation of income is contained in an instrument exercising a power, heretofore or hereafter created, the validity of such direction is determined by the law in effect when the power is exercised, and not by the law in effect when the power was created.