Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - ESTATES, POWERS AND TRUSTSArticle 10 - POWERS
Part 8 - RULE AGAINST PERPETUITIES AND ACCUMULATIONS AS AFFECTED BY POWERS OF APPOINTMENT
Section 10-8.4 - Rule against accumulations; law determining validity in exercise of a power of appointment

N.Y. EPTL 10-8.4

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Current through 2024 NY Law Chapter 553
Section 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.

N.Y. EPTL 10-8.4