Cornell Law Review Volume 45 Article 3 Issue 4 Summer 1960 1960 Amendments to the New York Statutes on Perpetuities and Powers of Appointment Robert S. Pasley Follow this and additional works at: http://scholarship.law.cornell.edu/clr Part of the Law Commons Recommended Citation Robert S. Pasley, 1960 Amendments to the New York Statutes on Perpetuities and Powers of Appointment , 45 Cornell L. Rev. 679 (1960) Available at: http://scholarship.law.cornell.edu/clr/vol45/iss4/3 This Article is brought to you for free and open access by the Journals at Scholarship@Cornell Law: A Digital Repository. It has been accepted for inclusion in Cornell Law Review by an authorized administrator of Scholarship@Cornell Law: A Digital Repository. For more information, please contact
[email protected]. THE 1960 AMENDMENTS TO THE NEW YORK STATUTES ON PERPETUITIES AND POWERS OF APPOINTMENT Robert S. Pasleyt This article is based upon two studies prepared by the author as consultant to the New York Law Revision Commission and submitted in 1959 and 1960.1 For clarity of presentation, the two studies have been consolidated and, in a few places, condensed. In addition, the article has been brought down to date by indicating the recommenda- tions actually made by the commission on the basis of the consultant's studies and the action taken by the legislature thereon. It should be emphasized, however, that nothing said herein purports to represent the official position of the Law Revision Commission (except where the latter's recommendations are actually quoted). After an explanatory introduction, this article will treat four topics on which legislation has been enacted in 1960: (a) Addition of a twenty-one year period in gross; (b) Construction of certain limitations which would prima facie be invalid; (c) Incidental matters relating to powers of appointment; (d) The statutes limiting the creation of legal life estates and re- mainders thereon.