South Carolina § 27-6-30 Creation of property interests and powers of appointment.

South Carolina Statutes

§ 27-6-30 — Creation of property interests and powers of appointment.

South Carolina § 27-6-30

Title 27PROPERTY AND CONVEYANCES

Ch. 6UNIFORM STATUTORY RULE AGAINST PERPETUITIES

This text of South Carolina § 27-6-30 (Creation of property interests and powers of appointment.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.C. Code Ann. § 27-6-30 (2026).

Text

(A)Except as provided in subsections (B) and (C) and in SECTION 27-6-60(A), the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law.

(B)If there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of (i) a nonvested property interest or (ii) a property interest subject to a power of appointment described in SECTION 27-6-20(B) or 27-6-20(C), the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates. A joint power with respect to community property or to marital property under a Uniform Marital Property Act held by individuals married to each other is a power exercisab

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(A) Except as provided in subsections (B) and (C) and in SECTION 27-6-60(A), the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law. (B) If there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of (i) a nonvested property interest or (ii) a property interest subject to a power of appointment described in SECTION 27-6-20(B) or 27-6-20(C), the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates. A joint power with respect to community property or to marital property under a Uniform Marital Property Act held by individuals married to each other is a power exercisable by one person alone. (C) A nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created.