GroundRules
C.R.S. § 15-2.5-405: Power to contract - presently exercisable power of appointment.
Where this section sits in the code
- Title 15 - PROBATE, TRUSTS, AND FIDUCIARIES
- Article 2.5 - Uniform Powers of Appointment Act
- Part 4 - DISCLAIMER OR RELEASE; CONTRACT TO APPOINT OR NOT TO APPOINT
(1) A powerholder of a presently exercisable power of appointment may contract:
(a) Not to exercise the power if the contract, when made, does not confer a benefit on a person other than a taker in default or a permissible appointee; or
(b) To exercise the power if the contract, when made, does not confer a benefit on an impermissible appointee.
Collected 2026-09-14T18:37:45Z. Source file · JSON