Pennsylvania § 7601 Definitions

Pennsylvania Statutes

§ 7601 — Definitions

Pennsylvania·Title 20 DECEDENTS, ESTATES AND FIDUCIARIES·Ch. 76 POWERS OF APPOINTMENT

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise: "Broad power of appointment."A power of appointment that the donee may exercise in favor of any one or more of the following:

(1)One or more persons selected by the donee.

(2)The donee.

(3)The donee's estate.

(4)Every person other than the donee, the donee's creditors, the donee's estate or the creditors of the donee's estate. "Limited power of appointment."A power of appointment that is not a broad power of appointment. The term includes a power to appoint to the donee's creditors or the creditors of the donee's estate.

Free access — add to your briefcase to read the full text and ask questions with AI

The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:

"Broad power of appointment."A power of appointment that the donee may exercise in favor of any one or more of the following:

(1) One or more persons selected by the donee.

(2) The donee.

(3) The donee's estate.

(4) Every person other than the donee, the donee's creditors, the donee's estate or the creditors of the donee's estate.

"Limited power of appointment."A power of appointment that is not a broad power of appointment. The term includes a power to appoint to the donee's creditors or the creditors of the donee's estate.

Pennsylvania § 7601 (Definitions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.