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

390.240 Powerholder’s authority to revoke or amend exercise.

77 words·~1 min read·/ky/chapter-390/390-240

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

A powerholder may revoke or amend an exercise of a power of appointment only to the extent that:

(1)The powerholder reserves a power of revocation or amendment in the instrument

exercising the power of appointment and, if the power is nongeneral, the terms of

the instrument creating the power of appointment do not prohibit the reservation; or

(2)The terms of the instrument creating the power of appointment provide that the

exercise is revocable or amendable.