Montana § 72-7-204 Exception To Presumption Of Unlimited Authority

Montana Statutes

§ 72-7-204 — Exception To Presumption Of Unlimited Authority

Montana·Title 72 ESTATES, TRUSTS, AND FIDUCIARY RELATIONSHIPS·Ch. 7 UNIFORM POWERS OF APPOINTMENT ACT·Part 2 Creation, Revocation, and Amendment of Power of Appointment

72-7-204 . Exception to presumption of unlimited authority. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:

(1)the power is exercisable only at the powerholder's death; and

(2)the permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.

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72-7-204 . Exception to presumption of unlimited authority. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:
(1) the power is exercisable only at the powerholder's death; and
(2) the permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.

Montana § 72-7-204 (Exception To Presumption Of Unlimited Authority) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.