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.