1. MCA Contents
  2. TITLE 72
  3. CHAPTER 7
  4. Part 3
  5. 72-7-312 Disposition of unappointed property if partial appointment to taker in default

TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 7. UNIFORM POWERS OF APPOINTMENT ACT

Part 3. Exercise of Power of Appointment

Disposition Of Unappointed Property If Partial Appointment To Taker In Default

72-7-312. Disposition of unappointed property if partial appointment to taker in default. Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.

History: En. Sec. 22, Ch. 293, L. 2015.