Definitions

702.102 Definitions. In this chapter: (1) “Appointee” means a person to which a powerholder makes an appointment of appointive property. (2) “Appointive property” means the property or property interest subject to a power of appointment. (3) “Blanket-exercise clause” means a clause in an instrument that exercises a power of appointment and is not a specific-exercise clause. “Blanket-exercise clause” includes a clause that does any of the following: (a) Expressly uses the words “any power” in exercising a power of appointment the powerholder has. (b) Expressly uses the words “any property” in appointing any property over which a powerholder has a power of appointment. (c) Disposes of all property subject to disposition by the powerholder. (4) “Broad limited power of appointment” means a power of appointment exercisable in favor of anyone other than the powerholder, the powerholder’s estate, the powerholder’s creditors, or the creditors of the powerholder’s estate. (5) “Donor” means a person that creates a power of appointment. (6) “Exclusionary power of appointment” means a power of appointment exercisable in favor of one or more permissible appointees to the exclusion of the other permissible appointees.