The donor of a power of appointment:
(1) must be a person capable of transferring the appointive property;
(2) must have created or reserved the power by a written instrument executed by the donor in the manner required by law;
(3) must manifest the donor's intention to confer the power on a person capable of holding the appointive property; and
(4) must not nullify or alter the rights of creditors of the donee, as defined in this chapter, by any language in the instrument creating or reserving the power purporting to give the interest of the donee a spendthrift character.
2015 c 5 art 14 s 4
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.