California Probate Code

§ 21225

PROB § 21225 Effective Jan 1, 1997Div. 11 · Part 2 · Ch. 1 · Art. 5

Statute text

Article 2 (commencing with Section 21205) does not apply to any of the following:

(a)A nonvested property interest or a power of appointment arising out of a nondonative transfer, except a nonvested property interest or a power of appointment arising out of (1) a premarital or postmarital agreement, (2) a separation or divorce settlement, (3) a spouse’s election, (4) or a similar arrangement arising out of a prospective, existing, or previous marital relationship between the parties, (5) a contract to make or not to revoke a will or trust, (6) a contract to exercise or not to exercise a power of appointment, (7) a transfer in satisfaction of a duty of support, or (8) a reciprocal transfer.

(b)A fiduciary’s power relating to the administration or management of assets, including the power of a fiduciary to sell, lease, or mortgage property, and the power of a fiduciary to determine principal and income.

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Legislative history

Amended by Stats. 1996, Ch. 563, Sec. 33. Effective January 1, 1997.