EPTL 10-7.4 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 10-7.3 Creditors of the donee; power subject to a condition up PART 7 Rights of Creditors In Appointive Property Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 10-7.4 Creditors of the donee; general power not presently exercisable Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 7 § 10-7.4 Creditors of the donee; general power not presently exercisable (a) Property covered by a general power of appointment which, when created, is not presently exercisable is subject to the payment of the claims of creditors of the donee, his estate and the expenses of administering his estate, only: (1) If the power was created by the donee in favor of himself; or (2) If a postponed power becomes exercisable in accordance with the terms of the creating instrument, except in the case of a testamentary general power.