Utah § 75A-4-205 Rules of classification.

Utah Statutes

§ 75A-4-205 — Rules of classification.

Utah·Title 75A Fiduciaries·Ch. 75A-4 Uniform Powers of Appointment Act·Part 75A-4-2 Creation, Revocation, and Amendment of Power of Appointment

(1)As used in this section, "adverse party" means a person with a substantial beneficial interest in property that would be affected adversely by a powerholder's exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

(2)If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.

(3)If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.

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(1) As used in this section, "adverse party" means a person with a substantial beneficial interest in property that would be affected adversely by a powerholder's exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.
(2) If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.
(3) If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.

Utah § 75A-4-205 (Rules of classification.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.