Effective – 28 Aug 2016
456.1015. Requisites for exercise of power of appointment. — A power of appointment is exercised only if:
(1) The instrument exercising the power is valid under applicable law;
(2) The terms of the instrument exercising the power:
(a) Manifest the powerholder’s intent to exercise the power; and
(b) Subject to section 456.1030, satisfy the requirements of exercise, if any, imposed by the donor; and
(3) To the extent the appointment is a permissible exercise of the power.
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(L. 2016 H.B. 1765)