{"data":{"id":"us-ny/n.y.-estates-powers-trusts-law-10-8.4","jurisdiction":"us-ny","citation":"N.Y. Estates, Powers \u0026 Trusts Law § 10-8.4","heading":"Rule against accumulations; law determining validity in","body":"§ 10-8.4 Rule against accumulations; law determining validity in\n           exercise of a power of appointment\n  When a direction for the accumulation of income is contained in an\ninstrument exercising a power, heretofore or hereafter created, the\nvalidity of such direction is determined by the law in effect when the\npower is exercised, and not by the law in effect when the power was\ncreated.","path":["Estates, Powers \u0026 Trusts Law","Article 10. Powers","Part 8. Rule Against Perpetuities and Accumulations As Affected By Powers of Appointment"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EPT/10-8.4","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"af253f521be8181efd224f6d8aeae6cc6bf52069bda32989dec969c0f7d65ec8","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-estates-powers-trusts-law-10-8.3","next":"us-ny/n.y.-estates-powers-trusts-law-10-9.1"},"notice":"GroundRules: Original legal text. Not legal advice."}