1. MCA Contents
  2. TITLE 72
  3. CHAPTER 7
  4. Part 4
  5. 72-7-405 Power to contract -- presently exercisable power of appointment

TITLE 72. ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS

CHAPTER 7. UNIFORM POWERS OF APPOINTMENT ACT

Part 4. Disclaimer on Release -- Contract to Appoint or Not to Appoint

Power To Contract -- Presently Exercisable Power Of Appointment

72-7-405. 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.

History: En. Sec. 29, Ch. 293, L. 2015.