11.95A.210  <<  11.95A.220 >>   11.95A.230

PDFRCW 11.95A.220

Intent to exerciseAfter-acquired power.

Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:
(1) Except as otherwise provided in subsection (2) of this section, a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and
(2) If the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.
[ 2021 c 140 s 3303.]