702.205 Rules of classification.
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/wi/chapter-702/702-205A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
702.205 Rules of classification.
(1)In this section, “adverse party” means a person with a substantial beneficial interest in appointive property that would be affected adversely by a powerholder’s exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder’s estate, a creditor of the powerholder, or a creditor of the powerholder’s estate.
(2)If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is a nongeneral power of appointment.
(3)If the permissible appointees of a power of appointment are not defined and limited, the power is an exclusionary power of appointment.