KRS 390.090: Rules of classification.
Where this section sits in the code
- KRS Chapter 390
(1) As used in this section, "adverse party" means a person with a substantial beneficial
interest in property which would be affected adversely by a powerholder's exercise
or nonexercise of a power of appointment in favor of the powerholder, the
powerholder's estate, a creditor of the powerholder, or a creditor of the
powerholder's estate.
(2) If a powerholder may exercise a power of appointment only with the consent or
joinder of an adverse party, the power is nongeneral.
(3) If the permissible appointees of a power of appointment are not defined and limited,
the power is exclusionary.
Collected 2026-09-05T20:59:22Z. Source file · JSON