{"data":{"id":"us-az/a.r.s.-14-2902","jurisdiction":"us-az","citation":"A.R.S. § 14-2902","heading":"Nonvested property interest or power of appointment; creation","body":"A. Except as provided in subsections B and C of this section and section 14-2905, subsection C, the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law.\n\nB. If there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of a nonvested property interest or a property interest subject to a power of appointment described in section 14-2901, subsection B or C, the nonvested property interest or power of appointment is created when that person's power to become the unqualified beneficial owner terminates. A joint power with respect to community property or to marital property held by a married couple is a power exercisable by one person alone.\n\nC. A nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or any other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created.","path":["Title 14 Trusts, Estates and Protective Proceedings"],"source_url":"https://www.azleg.gov/ars/14/02902.htm","current_through":"2026-09-04","vintage":"2026-08-09","retrieved_at":"2026-09-04T00:49:56Z","sha256":"acb49e3666d204efb7146cef392eae278cbc5b0647857c2865a2765f9bcaafd1","source_id":"us-az","stale":true,"prev":"us-az/a.r.s.-14-2901","next":"us-az/a.r.s.-14-2903"},"notice":"GroundRules: Original legal text. Not legal advice."}