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

390.290 Power to contract -- Presently exercisable power of appointment.

37 words·~1 min read·/ky/chapter-390/390-290

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

A powerholder of a presently exercisable power of appointment may contract:
(1)Not to exercise the power; or
(2)To exercise the power if the contract when made does not confer a benefit on an
impermissible appointee.
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