Texas Property Code

§ 181.082 — GENERAL EXERCISE

PR § 181.082Title 10. MISCELLANEOUS BENEFICIAL PROPERTY INTERESTS · Part C. POWERS OF APPOINTMENT · Ch. 181. POWERS OF APPOINTMENT · Art. C. EXERCISE OF POWERS OF APPOINTMENT

Statute text

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In exercising a power, a donee may make an appointment:

(1)of present, future, or present and future interests;

(2)with conditions and limitations;

(3)with restraints on alienation;

(4)of interests to a trustee for the benefit of one or more objects of the power; and

(5)that creates any right existing under common law.

Legislative history

Added by Acts 2003, 78th Leg., ch. 551, Sec. 2, eff. Sept. 1, 2003.