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Effective Jan 1, 2017Amended by Stats. 2016, Ch. 81, Sec. 11. (AB 2846) Effective January 1, 2017.
(a) The powerholder 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.