2025 Session
Last amended: 2025 session
§ 501C.0302 — Representation by Holder of a Power of Appointment
Plain-Language Summary
Allows the holder of a power of appointment to represent people who might receive trust property.
501C.0302 REPRESENTATION BY HOLDER OF A POWER OF APPOINTMENT.
For purposes of giving notice, waiving notice, initiating a proceeding, granting consent or approval, or objecting with regard to any proceedings under this chapter, the sole holder or all co-holders of a presently exercisable or testamentary power of appointment, whether general or special, power of revocation, or unlimited power of withdrawal are deemed to represent and act for beneficiaries to the extent that their interests as permissible appointees, takers in default, or otherwise are subject to the power.
History:
2015 c 5 art 3 s 2; 2025 c 15 s 3
History: History: 2015 c 5 art 3 s 2; 2025 c 15 s 3
Practical Notes
Someone with the power to direct where trust assets go can speak for potential recipients.