Laws of New York (Last Updated: November 21, 2014) |
EPT Estates, Powers and Trusts |
Article 10. POWERS |
Part 2. DEFINITIONS |
Section 10-2.2. Other words defined
Latest version.
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(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.