75A-4-313. Appointment to taker in default.
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Effective 9/1/2024
75A-4-313. Appointment to taker in default.
If a powerholder makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift-in-default clause had the property not been appointed, the power of appointment is considered not to have been exercised and the appointee takes under the clause.
Renumbered and Amended by Chapter 364 , 2024 General Session