As used in this part: (a) âAppointeeâ means the person in whose favor a power of appointment is exercised. (b) âAppointive propertyâ means the property or interest in property that is the subject of the power of appointment. (c) âCreating instrumentâ means the deed, will, trust, or other writing or document that creates or reserves the power of appointment. (d) âDonorâ means the person who creates or reserves a power of appointment. (e) âPermissible appointeeâ means a person in whose favor a power of appointment can be exercised. (f) âPower of appointmentâ means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. The term does not include a power of attorney. (g) âPowerholderâ means the person to whom a power of appointment is given or in whose favor a power of appointment is reserved.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.