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2006 New York Code - Power To Lease In Tenant For Life; Transfer And Extinguishment



 
  § 10-10.3 Power to lease in tenant for life; transfer and extinguishment
    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.

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