There is a newer version
of
this Section
2017 California Code
Probate Code - PROB
DIVISION 11 - CONSTRUCTION OF WILLS, TRUSTS, AND OTHER INSTRUMENTS
PART 2 - PERPETUITIES
CHAPTER 1 - Uniform Statutory Rule Against Perpetuities
ARTICLE 3 - Time of Creation of Interest
Section 21211.
Universal Citation: CA Prob Code § 21211 (2017)
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.
(Added by Stats. 1991, Ch. 156, Sec. 24.)
Disclaimer: These codes may not be the most recent version. California may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
