72-7-405. Power to contract -- presently exercisable power of appointment.
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/mt/title-72/chapter-7/part-4/72-7-405A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-7-405 . Power to contract -- presently exercisable power of appointment. 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.