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§ 7601. Definitions

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 20 Pa.C.S.A. Decedents, Estates and FiduciariesEffective: January 1, 2017

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 20 Pa.C.S.A. Decedents, Estates and Fiduciaries (Refs & Annos)
Chapter 76. Powers of Appointment
Effective: January 1, 2017
20 Pa.C.S.A. § 7601
§ 7601. Definitions
Currentness
The following words and phrases when used in this chapter shall have the meanings given to them in this section unless the context clearly indicates otherwise:
“Broad power of appointment.” A power of appointment that the donee may exercise in favor of any one or more of the following:
(1) One or more persons selected by the donee.
(2) The donee.
(3) The donee's estate.
(4) Every person other than the donee, the donee's creditors, the donee's estate or the creditors of the donee's estate.
“Limited power of appointment.” A power of appointment that is not a broad power of appointment. The term includes a power to appoint to the donee's creditors or the creditors of the donee's estate.

Credits

2016, July 8, P.L. 497, No. 79, § 13, effective Jan. 1, 2017.
20 Pa.C.S.A. § 7601, PA ST 20 Pa.C.S.A. § 7601
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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