Iowa Code § 633A.3105

Current through bills signed by governor as of 5/17/2024
Section 633A.3105 - Rights of and claims against holder of general power of appointment
1. The holder of a presently exercisable general power of appointment over trust property has the rights of a holder of the power to revoke a trust under section 633A.3103 to the extent of the property subject to the power.
2. Property in trust subject to a presently exercisable general power of appointment is chargeable with the debts of the holder and charges of the holder's estate to the same extent as if the holder was a settlor and the power of appointment was a power of revocation.

Iowa Code § 633A.3105

99 Acts, ch 125, §29, 109C2001, § 633.3105 2005 Acts, ch 38, §54, 55CS2005, § 633A.3105 2006 Acts, ch 1104, §7