15-1-108. ACTS BY HOLDER OF GENERAL POWER. For the purpose of granting consent or approval with regard to the acts or accounts of a personal representative or trustee, including relief from liability or penalty for failure to post bond, to register a trust, or to perform other duties, and for purposes of consenting to modification or termination of a trust or to deviation from its terms, the sole holder or all coholders of a presently exercisable general power of appointment, including one (1) in the form of a power of amendment or revocation, are deemed to act for beneficiaries to the extent their interests (as objects, takers in default, or otherwise) are subject to the power.
History:
[I.C., sec. 15-1-108, as added by 1971, ch. 111, sec. 1, p. 233.]
Structure Idaho Code
Title 15 - UNIFORM PROBATE CODE
Chapter 1 - GENERAL PROVISIONS, DEFINITIONS AND PROBATE JURISDICTION OF COURT
Part 1 - SHORT TITLE, CONSTRUCTION, GENERAL PROVISIONS
Section 15-1-101 - SHORT TITLE.
Section 15-1-102 - PURPOSES — RULE OF CONSTRUCTION.
Section 15-1-103 - SUPPLEMENTARY GENERAL PRINCIPLES OF LAW APPLICABLE.
Section 15-1-104 - SEVERABILITY.
Section 15-1-105 - CONSTRUCTION AGAINST IMPLIED REPEAL.
Section 15-1-106 - EFFECT OF FRAUD AND EVASION.
Section 15-1-107 - EVIDENCE AS TO DEATH OR STATUS.
Section 15-1-108 - ACTS BY HOLDER OF GENERAL POWER.
Section 15-1-109 - SATISFACTION OF PECUNIARY DEVISES OR TRANSFERS BY DISTRIBUTION IN KIND.