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This entry was published on 2014-09-22
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SECTION 10-3.1
Powers of appointment and other powers
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 3
§ 10-3.1 Powers of appointment and other powers

(a) This article applies to powers of appointment. A power of
appointment, as the term is used in this article, is an authority
created or reserved by a person having property subject to his
disposition, enabling the donee to designate, within such limits as may
be prescribed by the donor, the appointees of the property or the shares
or the manner in which such property shall be received.

(b) This article applies, generally, to powers which are not powers of
appointment, such as a power to revoke a disposition previously made, a
power during minority to manage property vested in an infant, a power to
disburse the principal of a trust, a power to sell in a mortgage and a
power in a life tenant to make leases. This enumeration is not exclusive
but illustrative.