Power to contract - presently exercisable power of appointment.

  1. Law
  2. Colorado Revised Statutes
  3. Probate, Trusts, And Fiduciaries
  4. Uniform Powers of Appointment Act
  5. Power to contract - presently exercisable power of appointment.

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(1) A powerholder of a presently exercisable power of appointment may contract:

  1. Not to exercise the power if the contract, when made, does not confer a benefit on aperson other than a taker in default or a permissible appointee; or

  2. To exercise the power if the contract, when made, does not confer a benefit on animpermissible appointee.

Source: L. 2014: Entire article added, (HB 14-1353), ch. 209, p. 781, § 1, effective July 1, 2015.


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