10-3.4 - Classification of Powers of Appointment as to Duty to Exercise; Imperative and Discretionary

NY Est Pow & Trusts L § 10-3.4 (2019) (N/A)
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(a) A power of appointment is either imperative or discretionary.

(b) A power of appointment is imperative if the instrument creating it imposes on the donee a duty to exercise it, and it may be imperative even though it is exclusive.

(c) A power of appointment is discretionary if the donee is authorized to exercise or not to exercise it.