Texas Property Code

§ 181.051 — AUTHORITY OF DONEE TO RELEASE POWER

PR § 181.051Title 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS · Part C. POWERS OF APPOINTMENT · Ch. 181. POWERS OF APPOINTMENT · Art. B. RELEASE OF POWERS OF APPOINTMENT

Statute text

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Unless the instrument creating the power specifically provides to the contrary, a donee may at any time:

(1)completely release the power;

(2)release the power as to any property subject to the power;

(3)release the power as to a person in whose favor a power may be exercised; or

(4)limit in any respect the extent to which the power may be exercised.

Legislative history

Acts 1983, 68th Leg., p. 3724, ch. 576, Sec. 1, eff. Jan. 1, 1984.