Iowa Code § 633A.3105

Current through March 29, 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, 109 2005 Acts, ch 38, §54, 55 2006 Acts, ch 1104, §7

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