New York Laws
Part 5 - Extent of Donee's Authority to Appoint or Contract to Appoint an Estate in Appointive Property
10-5.2 - Contract to Appoint; Power Presently Exercisable


The donee of a power of appointment which is presently exercisable, or
of a postponed power which has become exercisable, can contract to make
an appointment to the extent that the contract or the promised
appointment does not confer a benefit upon a person who is not a
permissible appointee under the power.