Truly Agreed, 2016

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

456.1015. 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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