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.
History: Laws 2016, ch. 69, § 204.
Effective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.
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