Beneficiaries.
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, 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.
History: (Acts 1982, No. 82-399, §1-108.)