N.Y. Estates, Powers and Trusts Law 10-6.3 – Exercise of a power of appointment; type of instrument
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§ 10-6.3 Exercise of a power of appointment; type of instrument
Terms Used In N.Y. Estates, Powers and Trusts Law 10-6.3
- Donee: The recipient of a gift.
A power of appointment can be exercised only by a written instrument which would be sufficient to dispose of the estate intended to be appointed if the donee were the actual owner.