75A-4-405. Power to contract -- Presently exercisable power of appointment.
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Effective 9/1/2024
75A-4-405. 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.
Renumbered and Amended by Chapter 364 , 2024 General Session