Current through the 2023 Regular Session
Section 72-7-103 - Governing lawUnless 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 of the power is governed by the law of the powerholder's domicile at the relevant time.Added by Laws 2015, Ch. 293, Sec. 3, eff. 10/1/2015.