CHAPTER 2. Definitions; Classification of Powers of Appointment [610. - 613.]

Chapter 2 added by Stats. 1992, Ch. 30, Sec. 2.

§§ 610–613 · 4 sections

• § 610 As used in this part: (a) “Appointee” means the person in whose favor a power of appointment is exercised. (b) “Appointive property” means the property or…
• § 611 (a) A power of appointment is “general” only to the extent that it is exercisable in favor of the powerholder, the powerholder’s estate, the powerholder’s…
• § 612 (a) A power of appointment is “testamentary” if it is exercisable only by a will. (b) A power of appointment is “presently exercisable” at the time in question…
• § 613 A power of appointment is “imperative” where the creating instrument manifests an intent that the permissible appointees be benefited even if the powerholder…