Indiana § 30-4-10-22 "Presently exercisable power of appointment"

Indiana Statutes

§ 30-4-10-22 — "Presently exercisable power of appointment"

Indiana·Art. 4 TRUST CODE·Ch. 10 Uniform Trust Decanting Act

(a)As used in this chapter, "presently exercisable power of appointment" means a power of appointment exercisable by the powerholder at the relevant time.

(b)The term includes a power of appointment exercisable only after the occurrence of a specified event, the satisfaction of an ascertainable standard, or the passage of a specified time.

(c)The term does not include a power exercisable only at the powerholder's death.

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(a) As used in this chapter, "presently
exercisable power of appointment" means a power of appointment
exercisable by the powerholder at the relevant time.
(b) The term includes a power of appointment exercisable only after
the occurrence of a specified event, the satisfaction of an ascertainable
standard, or the passage of a specified time.
(c) The term does not include a power exercisable only at the
powerholder's death.

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