§ 21211. — 21211. (Added by Stats. 1991, Ch. 156, Sec. 24.)

California § 21211.

• Jurisdiction: California
• Code PROB: Probate Code - PROB
• Div. 11.: DIVISION 11. CONSTRUCTION OF WILLS, TRUSTS, AND OTHER INSTRUMENTS
• Part 2.: PART 2. PERPETUITIES
• Ch. 1.: CHAPTER 1. Uniform Statutory Rule Against Perpetuities
• Art. 3.: ARTICLE 3. Time of Creation of Interest

Text

For purposes of this chapter:
(a)
If there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of (1) a nonvested property interest or (2) a property interest subject to a power of appointment described in Section 21206 or 21207, the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.
(b)
A joint power with respect to community property held by individuals married to each other is a power exercisable by one person alone.

Legislative History

Added by Stats. 1991, Ch. 156, Sec. 24.