New York Estates, Powers & Trusts Law Section 10-10.3 - Power to lease in tenant for life; transfer and extinguishment

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.

Last modified: February 3, 2019