Arizona § 14-2905 Nonvested property interest or power of appointment; creation; effective date; judicial reformation

Arizona Statutes

§ 14-2905 — Nonvested property interest or power of appointment; creation; effective date; judicial reformation

Arizona § 14-2905

Title 14Arizona Revised Statutes

Ch. 2INTESTATE SUCCESSION AND WILLS

Art. 9Nonvested Interests

This text of Arizona § 14-2905 (Nonvested property interest or power of appointment; creation; effective date; judicial reformation) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 14-2905 (2026).

Text

A.Except as otherwise provided, this article applies to a nonvested property interest or a power of appointment that is created on or after December 31, 1994.

B.If a nonvested property interest or a power of appointment is determined in a judicial proceeding to violate this state's rule against perpetuities as that rule existed when the nonvested property interest or power of appointment was created, a court on the petition of an interested person may reform the disposition in the manner that most closely approximates the transferor's manifested plan of distribution and that is within the limits of the requirements of section 14-2901.

C.For the purposes of this article, if the person who exercises a power of appointment so provides in the exercise, a nonvested property interest or a p

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A. Except as otherwise provided, this article applies to a nonvested property interest or a power of appointment that is created on or after December 31, 1994.

B. If a nonvested property interest or a power of appointment is determined in a judicial proceeding to violate this state's rule against perpetuities as that rule existed when the nonvested property interest or power of appointment was created, a court on the petition of an interested person may reform the disposition in the manner that most closely approximates the transferor's manifested plan of distribution and that is within the limits of the requirements of section 14-2901.

C. For the purposes of this article, if the person who exercises a power of appointment so provides in the exercise, a nonvested property interest or a power of appointment created by the exercise of a power of appointment is created when the power is irrevocably exercised or when a revocable exercise becomes irrevocable.