Truly Agreed, 2016

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SS HCS HB 1765, 2016    (New Section - Proposed Language)

456.1000. 1. Subject to section 456.1005, the power is:
     (1) Presently exercisable;
     (2) Exclusionary; and
     (3) Except as otherwise provided in subsection 2 of this section, general.
     2. The power is nongeneral if:
     (1) The power is exercisable only at the powerholder's death; and
     (2) The permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.


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