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Fla. Stat. § 736.0103(10) – Florida Statutes

Text of Fla. Stat. § 736.0103(10)

“General power of appointment” means a power of appointment exercisable in favor of the holder of the power, the power holder’s creditors, the power holder’s estate, or the creditors of the power holder’s estate.

History of Fla. Stat. § 736.0103(10)

The term “general power of appointment” has been consistently defined since the Florida Trust Code took effect in 2007. However, the placement of the definition has changed multiples times. For example, the term was originally a part of Fla. Stat. § 736.0103(7). At that time, Fla. Stat. § 736.0103(10) defined the term “interests of the beneficiaries.”