70-1-704. Creation or exercise of a power to appoint to an estate. A person may be given a power to appoint a legal or equitable interest in property to his own estate by will or deed. The donee of such a power is considered to have a general power of appointment exercisable in favor of any person. Permissible exercise of the power as created may include but is not limited to:
     (1) direction to the personal representative of the donee to administer the interest as if it were an interest in the property of the donee;
     (2) direction to the personal representative to use the interest to satisfy the donee's devises or claims for debts and taxes; or
     (3) appointment of the interest to any person to whom the donee might give or devise his own property.

     History: En. Sec. 3, Ch. 376, L. 1979.