43-5-5. Computation of period for interest or trust created under power of appointment.
If a future interest or trust is created by exercise of a power of appointment, the permissible period is computed from the time the power is exercised if the power is a general power including a testamentary general power or from the time the power is created if the power is not a general power.
Source: SL 1983, ch 304, §1; SL 1993, ch 355, §4.