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 4. Types of Appointments |
Section 650.
Latest version.
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(a) The donee of a general power of appointment may make an appointment:
(1) Of all of the appointive property at one time, or several partial appointments at different times, where the power is exercisable inter vivos.
(2) Of present or future interests or both.
(3) Subject to conditions or charges.
(4) Subject to otherwise lawful restraints on the alienation of the appointed interest.
(5) In trust.
(6) Creating a new power of appointment.
(b) The listing in subdivision (a) is illustrative, not exclusive.
(Added by Stats. 1992, Ch. 30, Sec. 2. Effective January 1, 1993.)