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The Laws of New York
Consolidated Laws of New York
CHAPTER 17-B
Estates, Powers & Trusts
ARTICLE 10
Powers
PART 8
Rule Against Perpetuities and Accumulations As Affected By Powers of Appointment
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SECTION 10-8.3
Rule against perpetuities; facts to be considered
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PART 8
Rule Against Perpetuities and Accumulations As Affected By Powers of Appointment
This entry was published on 2014-09-22
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SECTION 10-8.4
Rule against accumulations; law determining validity in
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 8
§ 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.