Subdivision 1. Application. The terms defined in this section apply to this chapter.
Subd. 2. Appointee. "Appointee" means the person in whose favor a power of appointment is exercisable.
Subd. 3. Appointive property. "Appointive property" means property which is the subject of a power of appointment.
Subd. 4. Donee. "Donee" means the person to whom a power is given or in whose favor a power is reserved.
Subd. 5. Donor. "Donor" means the person who creates or reserves a power.
Subd. 6. Power. "Power" means an authority to do any act in relation to property, including the creation or revocation of an estate therein or a charge thereon, that the donor of the power might do, except that the term, as used in this chapter, does not apply to a power of attorney to convey property in the name of the owner.
History:2015 c 5 art 14 s 2