Legislation
SECTION 10-6.9
Exercise of a power of appointment in further trust
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 10, PART 6
§ 10-6.9. Exercise of a power of appointment in further trust
If the donee of a power of appointment exercises the power in favor of
the trustee of a trust under a will or deed other than that under which
the power was created, and if said exercise is otherwise valid, the
appointive property shall be paid over to and administered by the
trustee of, and under the terms of, the trust under such will or deed
and jurisdiction over said appointive property shall thereafter be in
the court having jurisdiction of the trust under such will or deed.
If the donee of a power of appointment exercises the power in favor of
the trustee of a trust under a will or deed other than that under which
the power was created, and if said exercise is otherwise valid, the
appointive property shall be paid over to and administered by the
trustee of, and under the terms of, the trust under such will or deed
and jurisdiction over said appointive property shall thereafter be in
the court having jurisdiction of the trust under such will or deed.