2022 Minnesota Statutes

502.81 DEFINITIONS.

Subdivision 1.Application.

The terms defined in this section apply to this chapter.

Subd. 2.Appointee.

"Appointee" means the person in whose favor a power of appointment is exercisable.

Subd. 3.Appointive property.

"Appointive property" means property which is the subject of a power of appointment.

Subd. 4.Donee.

"Donee" means the person to whom a power is given or in whose favor a power is reserved.

Subd. 5.Donor.

"Donor" means the person who creates or reserves a power.

Subd. 6.Power.

"Power" means an authority to do any act in relation to property, including the creation or revocation of an estate therein or a charge thereon, that the donor of the power might do, except that the term, as used in this chapter, does not apply to a power of attorney to convey property in the name of the owner.

History:

2015 c 5 art 14 s 2