Requisites for exercise of power of appointment.

  1. Law
  2. Colorado Revised Statutes
  3. Probate, Trusts, And Fiduciaries
  4. Uniform Powers of Appointment Act
  5. Requisites for exercise of power of appointment.

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(1) A power of appointment may be exercised only:

(a) If the instrument exercising the power is valid under applicable law; (b) If the terms of the instrument exercising the power:

  1. Manifest the powerholder's intent to exercise the power; and

  2. Subject to section 15-2.5-304, satisfy the requirements of exercise, if any, imposedby the donor; and

(c) To the extent the appointment is a permissible exercise of the power.

Source: L. 2014: Entire article added, (HB 14-1353), ch. 209, p. 776, § 1, effective July 1, 2015.


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