§ 456.1015 — Requisites for exercise of power of appointment.

Missouri § 456.1015

• Jurisdiction: Missouri
• Title XXXI: TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY
• Ch. 456: Trusts and Trustees — The Uniform Trust Code

Text

A power of appointment is exercised only if:

(1)  The instrument exercising the power is valid under applicable law;

(2)  The terms of the instrument exercising the power:

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

(b)  Subject to section 456.1030 , 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.

Legislative History

(L. 2016 H.B. 1765)