California Probate Code 620 – A power of appointment can be created only by a donor having the …
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A power of appointment can be created only by a donor having the capacity to transfer the interest in property to which the power relates.
(Added by Stats. 1992, Ch. 30, Sec. 2. Effective January 1, 1993.)
Terms Used In California Probate Code 620
- Power of appointment: means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. See California Probate Code 610
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62