Section 10-3.4. Classification of powers of appointment as to duty to exercise;


Latest version.
  • imperative and discretionary
        (a) A power of appointment is either imperative or discretionary.
        (b) A power of appointment is imperative if the instrument creating it
      imposes  on  the  donee  a duty to exercise it, and it may be imperative
      even though it is exclusive.
        (c) A power of appointment is discretionary if the donee is authorized
      to exercise or not to exercise it.