California Probate Code CHAPTER 2 - Definitions; Classification of Powers of Appointment

• Section 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 interest in property...
• Section 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 creditors,...
• Section 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...
• Section 613.
  A power of appointment is “imperative” where the creating instrument manifests an intent that the permissible appointees be benefited even if the powerholder fails to...

Last modified: October 22, 2018