Mont. Code § 72-7-406

Current through the 2023 Regular Session

Section 72-7-406 - Power to contract - power of appointment not presently exercisable

A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

(1) is also the donor of the power; and

(2) has reserved the power in a revocable trust.

§ 72-7-406, MCA

Added by Laws 2015, Ch. 293, Sec. 30, eff. 10/1/2015.