Disposition of unappointed property if partial appointment to taker in default.

1. Law
2. New Mexico Statutes
3. Fiduciaries and Trusts
4. Uniform Powers of Appointment
5. EXERCISE OF POWER OF APPOINTMENT
6. 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: Laws 2016, ch. 69, § 312.

ANNOTATIONS

Effective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.

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