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§ 14.5-302. Qualified power of appointment

West's Annotated Code of MarylandEstates and TrustsEffective: January 1, 2015

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 14.5. Maryland Trust Act (Refs & Annos)
Subtitle 3. Representation (Refs & Annos)
Effective: January 1, 2015
MD Code, Estates and Trusts, § 14.5-302
§ 14.5-302. Qualified power of appointment
In general
(a) The holder of a qualified power of appointment may represent and bind persons whose interests as permissible appointees or takers in default are subject to the power.
Nature of qualified power of appointment
(b) A qualified power of appointment is:
(1) A general power of appointment; or
(2) A power of appointment exercisable in favor of all persons other than the power holder, the estate of the power holder, the creditors of the power holder, and the creditors of the estate of the power holder.

Credits

Added by Acts 2014, c. 585, § 1, eff. Jan. 1, 2015.
MD Code, Estates and Trusts, § 14.5-302, MD EST & TRST § 14.5-302
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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