Power to contract -- power of appointment not presently exercisable

  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 -- power of appointment not presently exercisable

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

72-7-406. Power to contract -- power of appointment not presently exercisable. A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

(1) is also the donor of the power; and

(2) has reserved the power in a revocable trust.

History: En. Sec. 30, Ch. 293, L. 2015.


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