11.95A.440  <<  11.95A.450 >>   11.95A.460

PDFRCW 11.95A.450

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.
[ 2021 c 140 s 3406.]