75A-4-301. Requisites for exercise of power of appointment.
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Effective 9/1/2024
75A-4-301. Requisites for exercise of power of appointment.
A power of appointment is exercised only:
(1)if the instrument exercising the power is valid under applicable law;
(2)if the terms of the instrument exercising the power:
(a)manifest the powerholder's intent to exercise the power; and
(b)satisfy the requirements of exercise, if any, imposed by the donor; and
(3)to the extent the appointment is a permissible exercise of the power.
Renumbered and Amended by Chapter 364 , 2024 General Session