Section 42-1012 - Special powers in trust

Special powers in trust

A special power is in trust:

(1) When the disposition which it authorizes is limited to be made to any person or class of persons other than the grantee of such power;

(2) When any person or class of persons other than the grantee is designated as entitled to any benefit from the disposition or change authorized by the power.

CREDIT(S)

(Mar. 3, 1901, 31 Stat. 1353, ch. 854, § 1048.)

HISTORICAL AND STATUTORY NOTES

Prior Codifications
1981 Ed., § 45-112.
1973 Ed., § 45-1012.

Current through September 13, 2012