As used in this chapter, unless the context requires a different meaning: “Appointee” means a person to which a powerholder makes an appointment of appointive property. “Appointive property” means the property or property interest subject to a power of appointment. “Blanket-exercise clause” means a clause in an instrument which exercises a power of appointment and […]
Repealed by Acts 2016, c. 266, cl. 2.
Unless the terms of the instrument creating a power of appointment manifest a contrary intent: 1. The creating, revocation, or amendment of the power is governed by the law of the donor’s domicile at the relevant time; and 2. The exercise, release, or disclaimer of the power, or the revocation or amendment of the exercise, […]
The common law and principles of equity supplement this chapter, except to the extent modified by this chapter or other law of the Commonwealth. 2016, c. 266.
