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Chapter 501B
Section 501B.20
Topics
Recent History
- 2015 501B.20 Repealed 2015 c 5 art 16 s 2
This is an historical version of this statute chapter. Also view the most recent published version.
501B.20 HOLDER OF A GENERAL POWER.
For purposes of giving notice, waiving notice, initiating a proceeding, granting consent or
approval, or objecting with regard to any proceedings under this chapter, the sole holder or all
coholders of a presently exercisable or testamentary general power of appointment, power of
revocation, or unlimited power of withdrawal are deemed to represent and act for beneficiaries to
the extent that their interests as objects, takers in default, or otherwise are subject to the power.
History: 1989 c 340 art 1 s 17; 1Sp1989 c 2 s 1
For purposes of giving notice, waiving notice, initiating a proceeding, granting consent or
approval, or objecting with regard to any proceedings under this chapter, the sole holder or all
coholders of a presently exercisable or testamentary general power of appointment, power of
revocation, or unlimited power of withdrawal are deemed to represent and act for beneficiaries to
the extent that their interests as objects, takers in default, or otherwise are subject to the power.
History: 1989 c 340 art 1 s 17; 1Sp1989 c 2 s 1
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Revisor of Statutes