390.110 Requisites for exercise of power of appointment.
68 words·~1 min read·
/ky/chapter-390/390-110A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A power of appointment is exercised only:
(1)If the instrument exercising the power is valid under applicable law;
(2)If the terms of the instrument exercising the power:
(a)Manifest the powerholder's intent to exercise the power; and
(b)Subject to KRS 390.150, satisfy the requirements of exercise, if any, imposed
by the donor; and
(3)To the extent the appointment is a permissible exercise of power.