Indiana Code 30-4-10-17. “General power of appointment”
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Sec. 17. As used in this chapter, “general power of appointment” means a power of appointment exercisable in favor of:
(2) a powerholder’s estate;
(1) a powerholder;
Terms Used In Indiana Code 30-4-10-17
- 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 Indiana Code 30-4-10-20
- powerholder: means a person in which a donor creates a power of appointment. See Indiana Code 30-4-10-21
(3) a creditor of the powerholder; or
(4) a creditor of the powerholder’s estate.
As added by P.L.161-2022, SEC.3.