A power of appointment is exercised only if:

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

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

   1. (a) Manifest the powerholder's intent to exercise the power; and
   2. (b) Subject to section 456.1030, satisfy the requirements of exercise, if any, imposed by the donor; and
3. (3) To the extent the appointment is a permissible exercise of the power.

(L. 2016 H.B. 1765)