A power of appointment is exercised only:

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

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

   1. (a) manifest the powerholder's intent to exercise the power; and
   2. (b) 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.

Renumbered and Amended by Chapter 364, 2024 General Session