Utah Code Ann. § 75A-4-406 – Power to contract -- Power of appointment not presently exercisable. | Midpage
§ 75A-4-406
Utah Code Ann. § 75A-4-406
Power to contract -- Power of appointment not presently exercisable.
Effective Sep 1, 2024Renumbered and Amended by Chapter 364, 2024 General Session
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) is also the donor of the power; and
(2) has reserved the power in a revocable trust.
Renumbered and Amended by Chapter 364, 2024 General Session