Subdivision 1. Application. The terms defined in this section apply to this chapter.
Subd. 2. Appointee. "Appointee" means the person in whose favor a power of appointment is exercisable.
Subd. 3. Appointive property. "Appointive property" means property which is the subject of a power of appointment.
Subd. 4. Donee. "Donee" means the person to whom a power is given or in whose favor a power is reserved.
Subd. 5. Donor. "Donor" means the person who creates or reserves a power.
Subd. 6. Power. "Power" means an authority to do any act in relation to property, including the creation or revocation of an estate therein or a charge thereon, that the donor of the power might do, except that the term, as used in this chapter, does not apply to a power of attorney to convey property in the name of the owner.
2015 c 5 art 14 s 2
Structure Minnesota Statutes
Chapters 500 - 515B — Property And Property Interests
Chapter 502 — Powers Of Appointment
Section 502.80 — Common Law Of Powers Retained, Except As Modified By This Chapter.
Section 502.82 — Varieties Of Power.
Section 502.83 — Rules For Creation Of A Power Of Appointment.
Section 502.85 — Exercise Of A Power Of Appointment.
Section 502.851 — Trust Decanting.
Section 502.86 — Rights Of Creditors In Appointive Property.
Section 502.87 — Revocation And Release Of A Power Of Appointment.
Section 502.88 — Rule Against Perpetuities And Accumulations As Affected By Powers Of Appointment.