(1) Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:
(a) The power is exercisable only at the powerholder's death; and
(b) The permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.
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