Ky. Rev. Stat. § 390.160

Current through 2024 Ky. Acts ch. 225
Section 390.160 - Appointment to deceased appointee or permissible appointee's descendant
(1) An appointment to a deceased appointee is ineffective.
(2) Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee.

KRS 390.160

Added by 2020 Ky. Acts ch. 41,§ 15, eff. 7/14/2020.