Current with changes from the 2024 Legislative Session
Section 456.1035 - Permissible appointment1. A powerholder of a general power of appointment that permits appointment to the powerholder or the powerholder's estate may make any appointment, including an appointment in trust or creating a new power of appointment, that the powerholder could make in disposing of the powerholder's own property.2. A powerholder of a general power of appointment that permits appointment only to the creditors of the powerholder or of the powerholder's estate may appoint only to those creditors.3. The powerholder of a nongeneral power may: (1) Make an appointment in any form, including an appointment in trust, in favor of a permissible appointee;(2) Create a general power or nongeneral power in a permissible appointee; or(3) Create a nongeneral power in any person to appoint to one or more of the permissible appointees of the original nongeneral power.Amended by 2018 Mo. Laws, HB 1250,s A, eff. 8/28/2018.Added by 2016 Mo. Laws, HB 1765,s A, eff. 8/28/2016.