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Effective Jan 1, 2017Amended by Stats. 2016, Ch. 81, Sec. 5. (AB 2846) Effective January 1, 2017.
- (a) A power of appointment can be exercised only by a powerholder having the capacity to transfer the interest in property to which the power relates.
- (b) Unless the creating instrument otherwise provides, a powerholder who is a minor may not exercise a power of appointment during minority.