GroundRules
N.Y. Estates, Powers & Trusts Law § 10-5.2: Contract to appoint; power presently exercisable
Where this section sits in the code
- Estates, Powers & Trusts Law
- Article 10. Powers
- Part 5. Extent of Donee's Authority to Appoint or Contract to Appoint an Estate In Appointive Property
§ 10-5.2 Contract to appoint; power presently exercisable
The donee of a power of appointment which is presently exercisable, or
of a postponed power which has become exercisable, can contract to make
an appointment to the extent that the contract or the promised
appointment does not confer a benefit upon a person who is not a
permissible appointee under the power.
Collected 2026-09-14T19:32:44Z. Source file · JSON