10-10.3 - Power to Lease in Tenant for Life; Transfer and Extinguishment

NY Est Pow & Trusts L § 10-10.3 (2019) (N/A)
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The power of a tenant for life to make leases is not assignable as a separate interest, but is annexed to his estate and passes by a disposition of such estate unless expressly excepted. If so excepted, it is extinguished. Such a power may be released by the tenant to a person entitled to a future estate in the property, and shall thereupon be extinguished.