75A-4-406. Power to contract -- Power of appointment not presently exercisable.
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Effective 9/1/2024
75A-4-406. Power to contract -- Power of appointment not presently exercisable.
A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:
(1)is also the donor of the power; and
(2)has reserved the power in a revocable trust.
Renumbered and Amended by Chapter 364 , 2024 General Session