Texas Property Code

§ 181.002 — APPLICATION

PR § 181.002Title 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS · Part C. POWERS OF APPOINTMENT · Ch. 181. POWERS OF APPOINTMENT · Art. A. GENERAL PROVISIONS

Statute text

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(a)Except as provided by Subsection (b), this chapter applies:

(1)to a power or a release of a power, regardless of the date the power is created;

(2)to a vested, contingent, or conditional power; and

(3)to a power classified as a power in gross, a power appurtenant, a power appendant, a collateral power, a general, limited, or special power, an exclusive or nonexclusive power, or any other power.

(b)This chapter applies regardless of the time or manner a power is created or reserved or the release is made and regardless of the time, manner, or in whose favor a power may be exercised.

(c)This chapter does not apply to a power in trust that is imperative.

Legislative history

Acts 1983, 68th Leg., p. 3723, ch. 576, Sec. 1, eff. Jan. 1, 1984.