| |  | | 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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