Power to contract -- presently exercisable power of appointment

  1. Law
  2. Montana Code Annotated
  3. Estates, Trusts, and Fiduciary Relationships
  4. Uniform Powers of Appointment Act
  5. Disclaimer on Release -- Contract to Appoint or Not to Appoint
  6. Power to contract -- presently exercisable power of appointment

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72-7-405. Power to contract -- presently exercisable power of appointment. A powerholder of a presently exercisable power of appointment may contract:

(1) not to exercise the power; or

(2) to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

History: En. Sec. 29, Ch. 293, L. 2015.


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