1. MCA Contents
  2. TITLE 72
  3. CHAPTER 7
  4. Part 2
  5. 72-7-203 Presumption of unlimited authority

TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 7. UNIFORM POWERS OF APPOINTMENT ACT

Part 2. Creation, Revocation, and Amendment of Power of Appointment

Presumption Of Unlimited Authority

72-7-203. Presumption of unlimited authority. Subject to 72-7-204 and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:

(1) presently exercisable;

(2) exclusionary; and

(3) except as otherwise provided in 72-7-204, general.

History: En. Sec. 7, Ch. 293, L. 2015.