Ky. Rev. Stat. Ann. ch. 390 – Uniform Powers Of Appointment Act | Midpage

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Kentucky Revised Statutes

Chapter 390

Ky. Rev. Stat. Ann. ch. 390

Uniform Powers Of Appointment Act

Commonwealth of Kentucky

390.010Short title.390.020Definitions.390.030Governing law.390.040Common law and principles of equity.390.050Creation of power of appointment.390.060Nontransferability.390.070Presumption of unlimited authority.390.080Exception to presumption of unlimited authority.390.090Rules of classification.390.100Power to revoke or amend.390.110Requisites for exercise of power of appointment.390.120Intent to exercise -- Determining intent from residuary clause.390.130Intent to exercise -- After-acquired power.390.140Substantial compliance with donor-imposed formal requirement.390.150Permissible appointment.390.160Appointment to deceased appointee or permissible appointee’s descendant.390.170Impermissible appointment.390.180Selective allocation doctrine.390.190Capture doctrine -- Disposition of ineffectively appointed property under general power.390.200Disposition of unappointed property under released or unexercised general power.390.210Disposition of unappointed property under released or unexercised nongeneral power.390.220Disposition of unappointed property if partial appointment to taker in default.390.230Appointment to taker in default.390.240Powerholder’s authority to revoke or amend exercise.390.250Disclaimer.390.260Authority to release.390.270Method of release.390.280Revocation or amendment of release.390.290Power to contract -- Presently exercisable power of appointment.390.300Power to contract -- Power of appointment not presently exercisable.390.310Remedy for breach of contract to appoint or not to appoint.390.320Creditor claim – General power created by powerholder.390.330Creditor claim -- General power not created by powerholder.390.350Creditor claim -- Nongeneral power.390.360Uniformity of application and construction.390.370Relation to Electronic Signatures in Global and National Commerce Act.390.380Application to existing relationships.