State Codes and Statutes

Statutes > California > Prob > 21210-21212

PROBATE CODE
SECTION 21210-21212



21210.  Except as provided in Sections 21211 and 21212, the time of
creation of a nonvested property interest or a power of appointment
is determined by other applicable statutes or, if none, under general
principles of property law.


21211.  For purposes of this chapter:
   (a) If there is a person who alone can exercise a power created by
a governing instrument to become the unqualified beneficial owner of
(1) a nonvested property interest or (2) a property interest subject
to a power of appointment described in Section 21206 or 21207, the
nonvested property interest or power of appointment is created when
the power to become the unqualified beneficial owner terminates.
   (b) A joint power with respect to community property held by
individuals married to each other is a power exercisable by one
person alone.



21212.  For purposes of this chapter, a nonvested property interest
or a power of appointment arising from a transfer of property to a
previously funded trust or other existing property arrangement is
created when the nonvested property interest or power of appointment
in the original contribution was created.

State Codes and Statutes

Statutes > California > Prob > 21210-21212

PROBATE CODE
SECTION 21210-21212



21210.  Except as provided in Sections 21211 and 21212, the time of
creation of a nonvested property interest or a power of appointment
is determined by other applicable statutes or, if none, under general
principles of property law.


21211.  For purposes of this chapter:
   (a) If there is a person who alone can exercise a power created by
a governing instrument to become the unqualified beneficial owner of
(1) a nonvested property interest or (2) a property interest subject
to a power of appointment described in Section 21206 or 21207, the
nonvested property interest or power of appointment is created when
the power to become the unqualified beneficial owner terminates.
   (b) A joint power with respect to community property held by
individuals married to each other is a power exercisable by one
person alone.



21212.  For purposes of this chapter, a nonvested property interest
or a power of appointment arising from a transfer of property to a
previously funded trust or other existing property arrangement is
created when the nonvested property interest or power of appointment
in the original contribution was created.


State Codes and Statutes

State Codes and Statutes

Statutes > California > Prob > 21210-21212

PROBATE CODE
SECTION 21210-21212



21210.  Except as provided in Sections 21211 and 21212, the time of
creation of a nonvested property interest or a power of appointment
is determined by other applicable statutes or, if none, under general
principles of property law.


21211.  For purposes of this chapter:
   (a) If there is a person who alone can exercise a power created by
a governing instrument to become the unqualified beneficial owner of
(1) a nonvested property interest or (2) a property interest subject
to a power of appointment described in Section 21206 or 21207, the
nonvested property interest or power of appointment is created when
the power to become the unqualified beneficial owner terminates.
   (b) A joint power with respect to community property held by
individuals married to each other is a power exercisable by one
person alone.



21212.  For purposes of this chapter, a nonvested property interest
or a power of appointment arising from a transfer of property to a
previously funded trust or other existing property arrangement is
created when the nonvested property interest or power of appointment
in the original contribution was created.