11 Powers of appointment

11  Powers of appointment

(1)     Subsection (2) applies to a power of appointment exercisable otherwise than by will (whether or not it is also exercisable by will).

(2)     For the purposes of the rule against perpetuities the power is a special power unless—

(a)     the instrument creating it expresses it to be exercisable by one person only, and

(b)     at all times

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