Truly Agreed, 2016


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

456.5-508. 1. Except as provided in sections 456.970 to 456.1135:
     (1) Appointive property subject to a general power of appointment exercisable only at the powerholder's death is not subject to the claim of a creditor;
     (2) Appointive property subject to a nongeneral power of appointment is not subject to the claim of a creditor.
     2. This section shall not limit the ability of a creditor or other claimant to reach a beneficial interest as otherwise provided in sections 456.5-501 to 456.5-507.
     3. As used in this section, the terms "appointive property", "general power of appointment", "nongeneral power of appointment", and "claim of a creditor" shall have the same meaning as defined in section 456.975.


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