18-C M.R.S. §1-107: Acts by holder of general power
Where this section sits in the code
- TITLE 18-C: PROBATE CODE
- PART 1: SHORT TITLE, CONSTRUCTION AND GENERAL PROVISIONS
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 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 co-holders of a presently exercisable general power of appointment, including one 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.
Collected 2026-09-04T15:12:29Z. Source file · JSON