GroundRules
72-7-406: Power to contract -- power of appointment not presently exercisable.
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 power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:
(1) is also the donor of the power; and
(2) has reserved the power in a revocable trust.
Collected 2026-09-14T04:59:10Z. Source file · JSON