Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - ESTATES, POWERS AND TRUSTSArticle 10 - POWERS
Part 10 - PROVISIONS AFFECTING POWERS OTHER THAN POWERS OF APPOINTMENT
Section 10-10.3 - Power to lease in tenant for life; transfer and extinguishment

N.Y. EPTL 10-10.3

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Current through 2024 NY Law Chapter 553
Section 10-10.3 - Power to lease in tenant for life; transfer and extinguishment

The power of a tenant for life to make leases is not assignable as a separate interest, but is annexed to his estate and passes by a disposition of such estate unless expressly excepted. If so excepted, it is extinguished. Such a power may be released by the tenant to a person entitled to a future estate in the property, and shall thereupon be extinguished.

N.Y. EPTL 10-10.3