Terms Used In Montana Code > Title 72 > Chapter 7 > Part 2 - Creation, Revocation, and Amendment of Power of Appointment

• Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
• Appointee: means a person to which a powerholder makes an appointment of appointive property. See Montana Code 72-7-102
• Appointive property: means the property or property interest subject to a power of appointment. See Montana Code 72-7-102
• Donor: The person who makes a gift.
• Donor: means a person who creates a power of appointment. See Montana Code 72-7-102
• Instrument: means a writing. See Montana Code 72-7-102
• Person: means an individual, estate, trust, business or nonprofit entity, public corporation, government or governmental subdivision, agency, or instrumentality, or other legal entity. See Montana Code 72-7-102
• Power of appointment: means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. See Montana Code 72-7-102
• Powerholder: means a person in whom a donor creates a power of appointment. See Montana Code 72-7-102
• Property: means real and personal property. See Montana Code 1-1-205
• Terms of the instrument: means the manifestation of the intent of the maker of the instrument regarding the instrument's provisions as expressed in the instrument or as may be established by other evidence that would be admissible in a legal proceeding. See Montana Code 72-7-102