(a) A power of appointment can be exercised only by a powerholder having the capacity to transfer the interest in property to which the power relates.
(b) Unless the creating instrument otherwise provides, a powerholder who is a minor may not exercise a power of appointment during minority.
(Amended by Stats. 2016, Ch. 81, Sec. 5. (AB 2846) Effective January 1, 2017.)
Last modified: October 25, 2018