Power Of Appointment; Meaning Of Specific Reference Requirement.

Checkout our iOS App for a better way to browser and research.

If a governing instrument creating a power of appointment expressly requires that the power be exercised by a reference, an express reference, or a specific reference, to the power or its source, it is presumed that the donor's intention, in requiring that the donee exercise the power by making reference to the particular power or to the creating instrument, was to prevent an inadvertent exercise of the power and an attempt to exercise the power by a donee who had knowledge of and intended to exercise the power is effective.

History:

1994 c 472 s 59


Download our app to see the most-to-date content.