There is a newer version
of
the New York Laws
2017 New York Laws
EPT - Estates, Powers & Trusts
Article 10 - Powers
Part 10 - Provisions Affecting Powers Other Than Powers of Appointment
10-10.3 - Power to Lease in Tenant for Life; Transfer and Extinguishment
Universal Citation: NY Est Pow & Trusts L § 10-10.3 (2017)
10-10.3 Power to lease in tenant for life; transfer and extinguishmentThe 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.
Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
