Truly Agreed, 2016

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

456.1045. 1. Except as otherwise provided in section 456.1040, an exercise of a power of appointment in favor of an impermissible appointee is ineffective.
     2. An exercise of a power of appointment in favor of a permissible appointee is ineffective to the extent the appointment is a fraud on the power.


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