POWER OF REVOCATION NOT SUBJECT TO EXERCISE BEFORE GRANT -- WHEN DEEMED EXECUTED

55-904. POWER OF REVOCATION NOT SUBJECT TO EXERCISE BEFORE GRANT -- WHEN DEEMED EXECUTED. Where a person having the power of revocation within the provisions of the last section is not entitled to execute it until after the time at which he makes such a grant or charge as is described in that section, the power is deemed to be executed as soon as he is entitled to execute it.