11.95A.120  <<  11.95A.130 >>   11.95A.140

PDFRCW 11.95A.130

Presumption of unlimited authority—Exception.

Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:
(1) The power is exercisable only at the powerholder's death; and
(2) The permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.
[ 2021 c 140 s 3204.]