§ 10-10.6 Effect of reserved unqualified power to revoke\n Where a creator reserves an unqualified power of revocation, he\nremains the absolute owner of the property disposed of so far as the\nrights of his creditors or purchasers are concerned.\n
N.Y. Est. Powers & Trusts Law § 10-10.6
Effect of reserved unqualified power to revoke
Applied in 1 court decision — leading case Pangea Capital Mgmt., LLC v. Lakian (2018)
Most recently applied in Pangea Capital Mgmt., LLC v. Lakian (September 2018)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.