State Codes and Statutes

Statutes > New-york > Ept > Article-10 > Part-5 > 10-5-2

§ 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.

State Codes and Statutes

Statutes > New-york > Ept > Article-10 > Part-5 > 10-5-2

§ 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.

State Codes and Statutes

State Codes and Statutes

Statutes > New-york > Ept > Article-10 > Part-5 > 10-5-2

§ 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.