Section 502.67 Power of Appointment Vested in Two or More Persons

502.67 POWER OF APPOINTMENT VESTED IN TWO OR MORE PERSONS.

When a power of appointment is vested in two or more persons, all must unite in its exercise; provided, if one or more of such persons die, become legally incapable of exercising the power, or renounce such power, the power may be exercised by the others.

History:

1943 c 322 s 7