A powerholder of a presently exercisable power of appointment may contract:
A. not to exercise the power; or
B. to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.
History: Laws 2016, ch. 69, § 405.
ANNOTATIONS
Effective dates. — Laws 2016, ch. 69, § 727B made Laws 2016, ch. 69, §§ 101 through 603 and 724 effective January 1, 2017.