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subdivision, agency or instrumentality; public corporation; or any | other legal or commercial entity. |
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| | 10.__Power of withdrawal.__"Power of withdrawal" means a | presently exercisable general power of appointment other than a | power exercisable only upon consent of the trustee or a person | holding an adverse interest. |
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| | 11.__Property.__"Property" means anything that may be the | subject of ownership, whether real or personal, legal or | equitable, or any interest therein. |
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| | 12.__Qualified beneficiary.__"Qualified beneficiary" means a | beneficiary who on the date the beneficiary's qualification is | determined: |
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| A.__Is a distributee or permissible distributee of trust | income or principal; |
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| B.__Would be a distributee or permissible distributee of | trust income or principal if the interests of the | distributees described in paragraph A terminated on that | date; or |
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| C.__Would be a distributee or permissible distributee of | trust income or principal if the trust terminated on that | date. |
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| "Qualified beneficiary" does not include a contingent distributee | or a contingent permissible distributee of trust income or | principal whose interest in the trust is not reasonably expected | to vest. |
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| | 13.__Revocable.__"Revocable," as applied to a trust, means | revocable by the settlor without the consent of the trustee or a | person holding an adverse interest. |
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| | 14.__Settlor.__"Settlor" means a person, including a testator, | who creates or contributes property to a trust. If more than one | person creates or contributes property to a trust, each person is | a settlor of the portion of the trust property attributable to | that person's contribution except to the extent another person | has the power to revoke or withdraw that portion. |
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| | 15.__Spendthrift provision.__"Spendthrift provision" means a | term of a trust that restrains both voluntary and involuntary | transfer of a beneficiary's interest. |
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| | 16.__State.__"State" means a state of the United States, the | District of Columbia, Puerto Rico, the United States Virgin |
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