390.080 Exception to presumption of unlimited authority.
61 words·~1 min read·
/ky/chapter-390/390-080A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:
(1)The power is exercisable only at the powerholder's death; and
(2)The permissible appointees of the power are a defined and limited class that does
not include the powerholder's estate, the powerholder's creditors, or the creditors of
the powerholder's estate.