Section 5803.02 | Holder of power of appointment may represent persons subject to power.
To the extent there is no conflict of interest between the holder of a general testamentary power of appointment and the persons represented with respect to the particular question or dispute, the holder may represent and bind persons whose interests, as permissible appointees, takers in default, or otherwise, are subject to the power. To the extent there is no conflict of interest between the holder of a limited testamentary power of appointment or a presently exercisable limited power of appointment and the persons represented with respect to the particular question or dispute, the holder may also represent and bind persons whose interests as possible appointees are subject to the power. The rights of the holder of a presently exercisable general power of appointment are governed by section 5806.03 of the Revised Code.
Available Versions of this Section
- September 12, 2008 – House Bill 499 - 127th General Assembly [ View September 12, 2008 Version ]
- April 6, 2017 – House Bill 432 - 131st General Assembly [ View April 6, 2017 Version ]