§ 19-1704.06

D.C. Code § 19-1704.06

Power to contract: power of appointment not presently exercisable.

Effective Mar 7, 2025Mar. 7, 2025, D.C. Law 25-265, § 2(b)

  1. (a) A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

    1. (1) Is also the donor of the power; and
    2. (2) Has reserved the power in a revocable trust.

History

Mar. 7, 2025, D.C. Law 25-265, § 2(b)

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