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 634.
Latest version.
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A power of appointment created in favor of two or more donees can only be exercised when all of the donees unite in its exercise. If one or more of the donees dies, becomes legally incapable of exercising the power, or releases the power, the power may be exercised by the others, unless expressly prohibited by the creating instrument.
(Added by Stats. 1992, Ch. 30, Sec. 2. Effective January 1, 1993.)