Disposition of unappointed property if partial appointment to taker in default

1. Law
2. Montana Code Annotated
3. Estates, Trusts, and Fiduciary Relationships
4. Uniform Powers of Appointment Act
5. Exercise of Power of Appointment
6. Disposition of unappointed property if partial appointment to taker in default

72-7-312. Disposition of unappointed property if partial appointment to taker in default. Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.

History: En. Sec. 22, Ch. 293, L. 2015.

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