There is a newer version
of
the New York Laws
2019 New York Laws
EPT - Estates, Powers and Trusts
Article 10 - Powers
Part 5 - Extent of Donee's Authority to Appoint or Contract to Appoint an Estate in Appointive Property
10-5.4 - Priority
Universal Citation: NY Est Pow & Trusts L § 10-5.4 (2019)
§ 10-5.4 PriorityThe interest of the donee of a power of appointment, and of any appointee thereunder, has priority with respect to real property subject thereto, as against creditors, purchasers or incumbrancers, in good faith and without notice, of or from a person having an estate in such property, only from the time at which the instrument creating the power is duly recorded. As against all other persons, such interest has priority from the time at which the instrument creating the power takes effect.
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