Requisites for exercise of power of appointment.

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  • (1) if the instrument exercising the power is valid under applicable law;
  • (2) if the terms of the instrument exercising the power:
    • (a) manifest the powerholder's intent to exercise the power; and
    • (b) satisfy the requirements of exercise, if any, imposed by the donor; and
  • (3) to the extent the appointment is a permissible exercise of the power.




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