(a) Unless the donor expressly provides otherwise:
(1) The donee of an exclusive power may appoint all or any part of the
appointive property to one or more of the appointees to the exclusion of
the others.
(2) The donee of a non-exclusive power must appoint in favor of all of
the appointees equally.
Structure New York Laws
EPT - Estates, Powers and Trusts
Part 6 - Rules Governing Exercise of a Power of Appointment
10-6.1 - Exercise of a Power of Appointment; Manifestation of Intention of Donee
10-6.2 - Exercise of a Power of Appointment; Conformity to Directions of Donor
10-6.3 - Exercise of a Power of Appointment; Type of Instrument
10-6.4 - Exercise of a Power of Appointment; Required Consents
10-6.5 - Exercise of Exclusive and Non-Exclusive Power of Appointment
10-6.7 - Exercise by All Donees; Exceptions
10-6.8 - Imperative Power of Appointment; Effectuation
10-6.9 - Exercise of a Power of Appointment in Further Trust