GroundRules
72-7-405: Power to contract -- presently exercisable power of appointment.
Where this section sits in the code
- TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS
- CHAPTER 7. UNIFORM POWERS OF APPOINTMENT ACT
- Part 4. Disclaimer on Release -- Contract to Appoint or Not to Appoint
A powerholder of a presently exercisable power of appointment may contract:
(1) not to exercise the power; or
(2) to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.
Collected 2026-09-14T04:59:10Z. Source file · JSON