period
In all cases covered by 10-8.1, the permissible period of the rule
against perpetuities is determined by the law in effect when the power
is exercised or the unqualified power to revoke is terminated, and not
by the law in effect when the power was created.
Structure New York Laws
EPT - Estates, Powers and Trusts
Part 8 - Rule Against Perpetuities and Accumulations as Affected by Powers of Appointment
10-8.1 - Rule Against Perpetuities; Time at Which Permissible Period Begins
10-8.2 - Rule Against Perpetuities; Law Which Determines Permissible Period
10-8.3 - Rule Against Perpetuities; Facts to Be Considered
10-8.4 - Rule Against Accumulations; Law Determining Validity in Exercise of a Power of Appointment