§560:1-108 - Acts by holder of general power.
§560:1-108 Acts by holder of general power.
For the purpose of granting consent or approval with regard to the acts or
accounts of a personal representative or trustee, including relief from
liability or penalty for failure to post bond, to register a trust, or to
perform other duties, and for purposes of consenting to modification or
termination of a trust or to deviation from its terms, the sole holder or all
co-holders of a presently exercisable general power of appointment, including
one in the form of a power of amendment or revocation, are deemed to act for
beneficiaries to the extent their interests (as objects, takers in default, or
otherwise) are subject to the power. [L 1996, c 288, pt of §1]
Rules of Court
Trust registration, see HPR rule 127.