§ 634

Amended by Stats. 2016, Ch. 81, Sec. 7. (AB 2846) Effective January 1, 2017.

A power of appointment created in favor of two or more powerholders can only be exercised when all of the powerholders unite in its exercise. If one or more of the powerholders dies, becomes legally incapable of exercising

the power, or releases the power, the power may be exercised by the others, unless expressly prohibited by the creating instrument.

Other sections in Article 2 - Scope of Donee’s Authority

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