Code · Kentucky · Chapter 390 — Uniform powers of appointment act

390.090 Rules of classification.

97 words·~1 min read·/ky/chapter-390/390-090

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(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.