N.Y. Estates, Powers and Trusts Law 10-2.2 – Other words defined
Current as of: 2024 | Check for updates
|
Other versions
§ 10-2.2 Other words defined
Terms Used In N.Y. Estates, Powers and Trusts Law 10-2.2
- Donee: The recipient of a gift.
- Donor: The person who makes a gift.
(a) Donor. A donor is the person who creates or reserves a power.
(b) Donee. A donee is the person to whom a power is given or in whose favor a power is reserved.
(c) Appointee. An appointee is the person in whose favor a power of appointment is exercisable.
(d) Appointive property. Appointive property is property which is the subject of a power of appointment.