§ 10-3.1 Powers of appointment and other powers
§ 10-3.2 Classification of powers of appointment as to kind; general and special; exclusive and non-exclusive
§ 10-3.3 Classification of powers of appointment as to time of exercise; presently exercisable, testamentary and postponed
§ 10-3.4 Classification of powers of appointment as to duty to exercise; imperative and discretionary
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Terms Used In New York Laws > Estates, Powers and Trusts > Article 10 > Part 3 - Varieties of Powers

  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Donee: The recipient of a gift.
  • Donor: The person who makes a gift.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.