Sections | ||
ARTICLE 1 GENERAL PROVISIONS | ||
11.95A.001 | Short title. | |
11.95A.010 | Definitions. | |
11.95A.020 | Governing law. | |
11.95A.030 | Common law and principles of equity supplement. | |
ARTICLE 2 CREATION, REVOCATION, AND AMENDMENT OF POWER OF APPOINTMENT | ||
11.95A.100 | Creation of power of appointment. | |
11.95A.110 | Power not transferable. | |
11.95A.120 | Presumption of unlimited authority. | |
11.95A.130 | Presumption of unlimited authority—Exception. | |
11.95A.140 | Rules of classification. | |
11.95A.150 | Power to revoke or amend. | |
ARTICLE 3 EXERCISE OF POWER OF APPOINTMENT | ||
11.95A.200 | Requisites for exercise of power of appointment. | |
11.95A.210 | Intent to exercise—Determining intent from residuary clause. | |
11.95A.220 | Intent to exercise—After-acquired power. | |
11.95A.230 | Substantial compliance with donor-imposed formal requirement. | |
11.95A.240 | Permissible appointment. | |
11.95A.250 | Appointment to deceased appointee or permissible appointee's descendant. | |
11.95A.260 | Impermissible appointment. | |
11.95A.270 | Selective allocation doctrine. | |
11.95A.280 | Capture doctrine—Disposition of ineffectively appointed property under general power. | |
11.95A.290 | Disposition of unappointed property—Released or unexercised general power. | |
11.95A.300 | Disposition of unappointed property—Released or unexercised nongeneral power. | |
11.95A.310 | Disposition of unappointed property—Partial appointment to taker in default. | |
11.95A.320 | Appointment to taker in default. | |
11.95A.330 | Powerholder's authority to revoke or amend exercise. | |
11.95A.340 | Notice of exercise of testamentary power. | |
11.95A.350 | Exercise of power in favor of holder—Limitations. | |
11.95A.355 | Exercise of power in favor of holder—Disregard of provision conferring absolute or similar power—Power of removal. | |
11.95A.360 | Exercise of power in favor of holder—Income under marital deduction—Spousal power of appointment. | |
11.95A.365 | Exercise of power in favor of holder—Inference of law. | |
11.95A.370 | Exercise of power in favor of holder—Applicability. | |
11.95A.375 | Exercise of power in favor of holder—Cause of action. | |
ARTICLE 4 DISCLAIMER OR RELEASE—CONTRACT TO APPOINT OR NOT TO APPOINT | ||
11.95A.400 | Disclaimer. | |
11.95A.410 | Authority to release. | |
11.95A.420 | Method of release. | |
11.95A.430 | Revocation or amendment of release. | |
11.95A.440 | Power to contract—Presently exercisable power of appointment. | |
11.95A.450 | Power to contract—Power of appointment not presently exercisable. | |
11.95A.460 | Remedy for breach of contract to appoint or not to appoint. | |
ARTICLE 5 RIGHTS OF POWERHOLDER'S CREDITORS IN APPOINTIVE PROPERTY | ||
11.95A.500 | Creditor claims—General power created by powerholder. | |
11.95A.510 | Creditor claims—General power not created by powerholder. | |
11.95A.520 | Power to withdraw. | |
11.95A.530 | Creditor claims—Nongeneral power. | |
ARTICLE 6 MISCELLANEOUS PROVISIONS | ||
11.95A.900 | Uniformity of application and construction. | |
11.95A.901 | Relation to electronic signatures in global and national commerce act. | |
11.95A.902 | Application—Existing relationships. | |
11.95A.903 | Effective date—2021 c 140 §§ 3101-3614. |