Ky. Rev. Stat. § 390.030

Current through 2024 Ky. Acts ch. 225

Section 390.030 - Governing law

Unless the terms of the instrument creating a power of appointment manifest a contrary intent:

(1) The creation, revocation, or amendment of the power is governed by the law of the donor's domicile at the relevant time; and

(2) The exercise, release, or disclaimer of the power, or the revocation or amendment of the exercise, release, or disclaimer, is governed by the law of the powerholder's domicile at the relevant time.

KRS 390.030

Added by 2020 Ky. Acts ch. 41,§ 2, eff. 7/14/2020.