390.300 Power to contract -- Power of appointment not presently exercisable.
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/ky/chapter-390/390-300A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:
(1)Is also the donor of the power; and
(2)Has reserved the power in a revocable trust.