There is a newer version
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the New York Laws
2021 New York Laws
EPT - Estates, Powers and Trusts
Article 10 - Powers
Part 8 - Rule Against Perpetuities and Accumulations as Affected by Powers of Appointment
10-8.4 - Rule Against Accumulations; Law Determining Validity in Exercise of a Power of Appointment
Universal Citation: NY Est Pow & Trusts L § 10-8.4 (2021)
§ 10-8.4 Rule against accumulations; law determining validity inexercise of a power of appointment
When a direction for the accumulation of income is contained in an instrument exercising a power, heretofore or hereafter created, the validity of such direction is determined by the law in effect when the power is exercised, and not by the law in effect when the power was created.
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