The holder of a power of appointment may represent and bind persons whose interests as permissible appointees or takers in default are subject to the power. A qualified power of appointment is a power exercisable in favor of:
(1) The power holder, the power holder’s estate, the power holder’s creditors and the creditors of the power holder’s estate; or
(2) All persons other than the power holder, the power holder’s estate, the power holder’s creditors, and the creditors of the power holder’s estate.
(Mar. 10, 2004, D.C. Law 15-104, § 2(b), 51 DCR 208.)
Uniform Law: This section is based upon § 302 of the Uniform Trust Code.
Structure District of Columbia Code
Title 19 - Descent, Distribution, and Trusts. [Enacted title]
Chapter 13 - Uniform Trust Code
Subchapter III - Representation
§ 19–1303.01. Representation: basic effect
§ 19–1303.02. Representation by holder of general testamentary power of appointment
§ 19–1303.03. Representation by fiduciaries and parents
§ 19–1303.04. Representation by person having substantially identical interest