N.Y. EPTL 10-5.2
Current through 2024 NY Law Chapter 457
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.
N.Y. EPTL 10-5.2