D.C. Code § 19-1303.02

Current through codified legislation effective September 18, 2024

Section 19-1303.02 - Representation by holder of general testamentary power of appointment

The holder of a power of appointment may represent and bind persons whose interests as permissible appointees or takers in default are subject to the power. A qualified power of appointment is a power exercisable in favor of:

(1) The power holder, the power holder's estate, the power holder's creditors and the creditors of the power holder's estate; or

(2) All persons other than the power holder, the power holder's estate, the power holder's creditors, and the creditors of the power holder's estate.

D.C. Code § 19-1303.02

Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.

Uniform Law: This section is based upon § 302 of the Uniform Trust Code.