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The Laws of New York
Consolidated Laws of New York
CHAPTER 17-B
Estates, Powers & Trusts
ARTICLE 10
Powers
PART 5
Extent of Donee's Authority to Appoint or Contract to Appoint an Estate In Appointive Property
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SECTION 10-5.1
Scope of the authority of the donee
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PART 5
Extent of Donee's Authority to Appoint or Contract to Appoint an Estate In Appointive Property
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SECTION 10-5.3
Contract to appoint; power not presently exercisable
This entry was published on 2014-09-22
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SECTION 10-5.2
Contract to appoint; power presently exercisable
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 5
§ 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.