{"data":{"id":"us-ky/krs-390.050","jurisdiction":"us-ky","citation":"KRS 390.050","heading":"Creation of power of appointment.","body":"(1) A power of appointment is created only if:\n(a) The instrument creating the power:\n1. Is valid under applicable law; and\n2. Except as otherwise provided in subsection (2) of this section, transfers\nthe appointive property; and\n(b) The terms of the instrumen t creating the power manifest the donor's intent to\ncreate, in a powerholder, a power of appointment over the appointive property\nexercisable in favor of a permissible appointee.\n(2) Subsection (1)(a)2. of this section does not apply to the creation of a p ower of\nappointment by the exercise of a power of appointment.\n(3) A power of appointment may not be created in a deceased individual.\n(4) Subject to an applicable rule against perpetuities, a power of appointment may be\ncreated in an unborn or unascertained powerholder.","path":["KRS Chapter 390"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50113","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:59:22Z","sha256":"68f13fa11f9eaba905af6ff4c9a43e23572cdda5ab325b1017829534e9f08909","source_id":"us-ky","stale":false,"prev":"us-ky/krs-390.040","next":"us-ky/krs-390.060"},"notice":"GroundRules: Original legal text. Not legal advice."}