(a) The powerholder of a general power of appointment may make an appointment:
(1) Of all of the appointive property at one time, or several partial appointments at different times, where the power is exercisable inter vivos.
(2) Of present or future interests or both.
(3) Subject to conditions or charges.
(4) Subject to otherwise lawful restraints on the alienation of the appointed interest.
(5) In trust.
(6) Creating a new power of appointment.
(b) The listing in subdivision (a) is illustrative, not exclusive.
(Amended by Stats. 2016, Ch. 81, Sec. 11. (AB 2846) Effective January 1, 2017.)
Last modified: October 25, 2018