Section 10-3.2. Classification of powers of appointment as to kind; general and  


Latest version.
  • special; exclusive and non-exclusive
        (a) A power of appointment is:
        (1) general or special.
        (2) exclusive or non-exclusive.
        (b)  A  power  of  appointment  is  general  to  the extent that it is
      exercisable wholly in favor of the donee, his estate, his  creditors  or
      the creditors of his estate.
        (c) All other powers of appointment are special.
        (d) A special power of appointment is exclusive if it may be exercised
      in  favor  of  one  or  more  of  the appointees to the exclusion of the
      others.
        (e) A special power of appointment is  non-exclusive  if  it  must  be
      exercised in favor of all the appointees.