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

390.350 Creditor claim -- Nongeneral power.

83 words·~1 min read·/ky/chapter-390/390-350

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

(1)Except as otherwise provided in subsection

(2)of this section, appointive property

subject to a nongeneral power of appointment is exempt from a claim of a creditor

of the powerholder or the powerholder's estate.

(2)Appointive property subject to a nongeneral power of appointment is subject to a

claim of a creditor of the powerholder or the powerholder's estate to the extent that

the powerholder owned the property and, reserving the nongeneral power,

transferred the property in violation of KRS Chapter 378A.