2005 California Probate Code Sections 21210-21212 Article 3. Time of Creation of Interest

PROBATE CODE
SECTION 21210-21212

21210.  Except as provided in Sections 21211 and 21212, the time of
creation of a nonvested property interest or a power of appointment
is determined by other applicable statutes or, if none, under general
principles of property law.
21211.  For purposes of this chapter:
   (a) If there is a person who alone can exercise a power created by
a governing instrument to become the unqualified beneficial owner of
(1) a nonvested property interest or (2) a property interest subject
to a power of appointment described in Section 21206 or 21207, the
nonvested property interest or power of appointment is created when
the power to become the unqualified beneficial owner terminates.
   (b) A joint power with respect to community property held by
individuals married to each other is a power exercisable by one
person alone.
21212.  For purposes of this chapter, a nonvested property interest
or a power of appointment arising from a transfer of property to a
previously funded trust or other existing property arrangement is
created when the nonvested property interest or power of appointment
in the original contribution was created.


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