Section 405 – Power to contract — Presently exercisable power of appointment.

Effective 5/9/2017
75-10-405. Power to contract — Presently exercisable power of appointment.
A powerholder of a presently exercisable power of appointment may contract:

• (1) not to exercise the power; or

• (2) to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

Enacted by Chapter 125, 2017 General Session