(a) Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:
- (1) The power is exercisable only at the powerholder's death; and
- (2) The permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.
History
Mar. 7, 2025, D.C. Law 25-265, § 2(b)