Utah § 75A-4-303 Intent to exercise -- After-acquired power.

Utah Statutes

§ 75A-4-303 — Intent to exercise -- After-acquired power.

Utah·Title 75A Fiduciaries·Ch. 75A-4 Uniform Powers of Appointment Act·Part 75A-4-3 Exercise of Power of Appointment

Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:

(1)except as otherwise provided in Subsection (2), a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and

(2)if the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.

Free access — add to your briefcase to read the full text and ask questions with AI

Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:
(1) except as otherwise provided in Subsection (2), a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and
(2) if the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.

Utah § 75A-4-303 (Intent to exercise -- After-acquired power.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.