10-6.5 - Exercise of exclusive and non-exclusive power of appointment - New York Statutes

§ 10-6.5 Exercise of exclusive and non-exclusive power of appointment (a) Unless the donor expressly provides otherwise: (1) The donee of an exclusive power may appoint all or any part of the appointive property to one or more of the appointees to the exclusion of the others. (2) The donee of a non-exclusive power must appoint in favor of all of the appointees equally.