California Law (Last Updated: March 4, 2014) |
Probate Code - PROB |
Division 2. GENERAL PROVISIONS |
Part 14. POWERS OF APPOINTMENT |
Chapter 4. Exercise of Powers of Appointment |
ARTICLE 2. Scope of Donee’s Authority |
Section 633.
Latest version.
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(a) If the creating instrument requires the consent of the donor or other person to exercise a power of appointment, the power can only be exercised when the required consent is contained in the instrument of exercise or in a separate written instrument, signed in each case by the person whose consent is required.
(b) Unless expressly prohibited by the creating instrument:
(1) If a person whose consent is required dies, the power may be exercised by the donee without the consent of that person.
(2) If a person whose consent is required becomes legally incapable of consenting, the person's guardian or conservator may consent to an exercise of the power.
(3) A consent may be given before or after the exercise of the power by the donee.
(Added by Stats. 1992, Ch. 30, Sec. 2. Effective January 1, 1993.)