GENERAL EXERCISE

Sec. 181.082. GENERAL EXERCISE. In exercising a power, a donee may make an appointment: (1) of present, future, or present and future interests; (2) with conditions and limitations; (3) with restraints on alienation; (4) of interests to a trustee for the benefit of one or more objects of the power; and (5) that creates any right existing under common law. Added by Acts 2003, 78th Leg., ch. 551, Sec. 2, eff. Sept. 1, 2003.