§ 15-2.5-301 — Requisites for exercise of power of appointment

Colorado § 15-2.5-301

• Jurisdiction: Colorado
• Title 15: Probate,
• Art.: Uniform Powers of Appointment Act

Text

(1) A power of
appointment may be exercised only:

(a) If the instrument exercising the power is valid under applicable law;

(b) If the terms of the instrument exercising the power:

(I) Manifest the powerholder's intent to exercise the power; and

(II) Subject to section 15-2.5-304, satisfy the requirements of exercise, if
any, imposed by the donor; and

(c) To the extent the appointment is a permissible exercise of the power.

Legislative History

Source: L. 2014: Entire article added, (HB 14-1353), ch. 209, p. 776, � 1, effective July 1, 2015.