Added by Stats. 1991, Ch. 156, Sec. 24.
For purposes of this chapter:
(a)If there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of (1) a nonvested property interest or (2) a property interest subject to a power of appointment described in Section 21206 or 21207, the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.
(b)A joint power with respect to community property held by individuals married to each other is a power exercisable by one person alone.
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