2012 Idaho Statutes
Title 55 - PROPERTY IN GENERAL
Chapter 1 - PROPERTY AND OWNERSHIP -- GENERAL PROVISIONS
Section 55-111A - SUSPENSION OF POWER OF ALIENATION -- FUTURE INTEREST BY POWER OF APPOINTMENT.
(2) If a future interest or trust is created by exercise of a power of appointment, the permissible period is computed from the time the power is exercised if the power is a general power including a testamentary general power or from the time the power is created if the power is not a general power.
(3) Notwithstanding the provisions of subsection (1) of this section, there is no suspension of the power of alienation of property by a trust or by equitable interests under a trust if the trustee has power to sell, either express or implied, or if there is an unlimited power to terminate in one (1) or more persons in being.
(4) Furthermore, the provisions of subsection (1) of this section shall not limit transfers, outright or in trust, for charitable purposes or transfers to charitable entities.
History:
[55-111A, added 2008, ch. 77, sec. 2, p. 205.]
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