SB759,1023Section 10. 701.0103 (3m) of the statutes is created to read: SB759,,2424701.0103 (3m) “Broad limited power of appointment” has the meaning given in s. 702.102 (4). SB759,1125Section 11. 701.0103 (3r) of the statutes is created to read: SB759,,2626701.0103 (3r) “Charitable interest” means an interest in a trust that satisfies any of the following: SB759,,2727(a) It is held by an identified charitable organization and makes the organization a qualified beneficiary. SB759,,2828(b) It benefits only charitable organizations and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary. SB759,,2929(c) It is held solely for charitable purposes and, if the interest were held by an identified charitable organization, would make the organization a qualified beneficiary. SB759,1230Section 12. 701.0103 (3u) of the statutes is created to read: SB759,,3131701.0103 (3u) “Charitable organization” means any of the following: SB759,,3232(a) A person, other than an individual, organized and operated exclusively for charitable purposes. SB759,,3333(b) A government or governmental subdivision, agency, or instrumentality, to the extent it holds funds exclusively for a charitable purpose. SB759,1334Section 13. 701.0103 (3x) of the statutes is created to read: SB759,,3535701.0103 (3x) “Charitable purpose” means the relief of poverty, the advancement of education or religion, the promotion of health, a municipal or other governmental purpose, or another purpose the achievement of which is beneficial to the community. SB759,1436Section 14. 701.0103 (4) of the statutes is amended to read: SB759,,3737701.0103 (4) “Charitable trust” means a trust, or portion of a trust, created for a charitable purpose described in s. 701.0405 (1). This subsection does not apply in s. 701.1201. SB759,1538Section 15. 701.0103 (5g) of the statutes is created to read: SB759,,3939701.0103 (5g) “Court” means the court that is identified in s. 701.0203 (1). SB759,1640Section 16. 701.0103 (5w) of the statutes is created to read: SB759,,4141701.0103 (5w) “Current beneficiary” means a beneficiary that on the date the beneficiary’s qualification is determined is a distributee or permissible distributee of trust income or principal or is the holder of a presently exercisable general power of appointment. SB759,1742Section 17. 701.0103 (9) of the statutes is amended to read: SB759,,4343701.0103 (9) “General power of appointment” has the meaning given in s. 702.02 (5) 702.102 (7). SB759,1844Section 18. 701.0103 (11p) of the statutes is created to read: SB759,,4545701.0103 (11p) “Identified charitable organization” means a charitable organization that is expressly designated to receive distributions under the terms of a charitable trust and that is not subject to a right of substitution by the settlor or by any other party prior to the charitable organization becoming a current beneficiary. SB759,1946Section 19. 701.0103 (15m) of the statutes is created to read: SB759,,4747701.0103 (15m) “Issue” has the meaning given in s. 851.13. SB759,2048Section 20. 701.0103 (18) of the statutes is amended to read: SB759,,4949701.0103 (18) “Power of appointment” has the meaning given in s. 702.02 (6) 702.102 (14). SB759,2150Section 21. 701.0103 (19m) of the statutes is created to read: SB759,,5151701.0103 (19m) “Powerholder” has the meaning given in s. 702.102 (15).