1. MCA Contents
  2. TITLE 72
  3. CHAPTER 7
  4. Part 4
  5. 72-7-406 Power to contract -- power of appointment not presently exercisable

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 -- Power Of Appointment Not Presently Exercisable

72-7-406. 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.

History: En. Sec. 30, Ch. 293, L. 2015.