Mo. Rev. Stat. § 456.1015

Current with changes from the 2024 Legislative Session

Section 456.1015 - Requisites for exercise of power of appointment

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.

§ 456.1015, RSMo

Added by 2016 Mo. Laws, HB 1765,s A, eff. 8/28/2016.