2014 Iowa Code
TITLE XIV - PROPERTY
SUBTITLE 2 - REAL PROPERTY — GIFTS
CHAPTER 559 - POWER OF APPOINTMENT
SECTION 559.2 - Definition — scope of power.
559.2 Definition — scope of power.
The term “power to appoint” as used in section 559.1, shall mean and include all powers which are in substance and effect powers of appointment, regardless of the language used in creating them and whether they are:
1. General, special or otherwise.
2. Vested, contingent or conditional.
3. In gross, appendant, simply collateral, in trust or in the nature of a trust or otherwise.
4. Exercisable by an instrument amending, revoking, altering, or terminating a trust or an estate, or an interest thereunder or otherwise.
5. Exercisable presently or in the future.
6. Exercisable in an individual or a fiduciary capacity whether alone or in conjunction with one or more other persons or corporations.
7. Powers to invade or consume property.
8. Powers remaining after one or more partial releases have heretofore or hereafter been made with respect to a power to appoint.
[C50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, §559.2]
2013 Acts, ch 30, §159
Section amended
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