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11.95A.430  <<  11.95A.440 >>   11.95A.450

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.
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