EPTL 10-3.2 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 10-3.1 Powers of appointment and other powers up PART 3 Varieties of Powers next SECTION 10-3.3 Classification of powers of appointment as to time of exercise; Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 10-3.2 Classification of powers of appointment as to kind; general and Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 3 § 10-3.2 Classification of powers of appointment as to kind; general and special; exclusive and non-exclusive (a) A power of appointment is: (1) general or special. (2) exclusive or non-exclusive. (b) A power of appointment is general to the extent that it is exercisable wholly in favor of the donee, his estate, his creditors or the creditors of his estate. (c) All other powers of appointment are special. (d) A special power of appointment is exclusive if it may be exercised in favor of one or more of the appointees to the exclusion of the others. (e) A special power of appointment is non-exclusive if it must be exercised in favor of all the appointees.