California Probate Code

§ 612

PROB § 612 Effective Jan 1, 1993Div. 2 · Part 14 · Ch. 2

Statute text

(a)A power of appointment is “testamentary” if it is exercisable only by a will.

(b)A power of appointment is “presently exercisable” at the time in question to the extent that an irrevocable appointment can be made.

(c)A power of appointment is “not presently exercisable” if it is “postponed.” A power of appointment is “postponed” in either of the following circumstances:

…

Legislative history

Added by Stats. 1992, Ch. 30, Sec. 2. Effective January 1, 1993.