EPTL 10-7.2 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 10-7.1 Creditors of the donee; special power up PART 7 Rights of Creditors In Appointive Property next SECTION 10-7.3 Creditors of the donee; power subject to a condition Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 10-7.2 Creditors of the donee; general power presently exercisable Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 7 § 10-7.2 Creditors of the donee; general power presently exercisable Property covered by a general power of appointment (other than one exercisable solely for the support, maintenance, health and education of the donee within the meaning of sections 2041 and 2514 of the Internal Revenue Code) which is presently exercisable, or of a postponed power which has become exercisable, is subject to the payment of the claims of creditors of the donee, his estate and the expenses of administering his estate. It is immaterial whether the power was created in the donee by himself or by some other person, or whether the donee has or has not purported to exercise the power.