633A.6302 - REPRESENTATION BY HOLDERS OF POWERS.
633A.6302 REPRESENTATION BY HOLDERS OF POWERS. 1. The holders or all coholders of a power of revocation or presently exercisable general power of appointment, including one in the form of a power of amendment, may represent and bind the persons whose interests, as objects, takers in default, or otherwise, are subject to the power. 2. To the extent there is no conflict of interest between the holders and the persons represented with respect to the fiduciary matter, persons whose interests are subject to a general testamentary power of appointment may be represented and bound by the holder or holders of the power.
Section History: Recent Form 99 Acts, ch 125, §97, 109 C2001, §633.6302 2005 Acts, ch 38, §54 CS2005, §633A.6302 Referred to in § 633A.6305