{"data":{"id":"us-hi/haw.-rev.-stat.-525-2","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 525-2","heading":"When nonvested property interest or power of appointment created.","body":"(a) Except as provided in subsections (b) and (c) and in section 525-5(a), the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law.\n\n(b) For the purposes of this chapter, 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 525-1(b) or (c), the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates. For the purposes of this chapter, a joint power with respect to community property under chapter 510 held by individuals married to each other is a power exercisable by one person alone.\n\n(c) For the purposes of this chapter, a nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created. [L 1992, c 262, pt of §2]\n\nRevision Note\n\nIn subsection (a), section \"525-5(a)\" substituted for \"525-4(a)\".","path":["HI Code","Division 3","Title 28","Chapter 525"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol12_Ch0501-0588/HRS0525/HRS_0525-0002.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"7c7302a384ef5c24c539451daeabe8ebd265431dd09dd41a86a95339c1271c71","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-525-1","next":"us-hi/haw.-rev.-stat.-525-3"},"notice":"GroundRules: Original legal text. Not legal advice."}