Terms Used In Utah Code 75-10-405

• Appointee: means a person to which a powerholder makes an appointment of appointive property. See Utah Code 75-10-102
• Contract: A legal written agreement that becomes binding when signed.
• Power of appointment: means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an interest in, or another power of appointment over, the appointive property. See Utah Code 75-10-102
• Powerholder: means a person in whom a donor creates a power of appointment. See Utah Code 75-10-102
• Presently exercisable power of appointment: means a power of appointment exercisable by the powerholder at a relevant time. See Utah Code 75-10-102