Utah Code § 75A-4-204

Current through the 2024 Fourth Special Session

Section 75A-4-204 - Exception to presumption of unlimited authority

Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:

(1) the power is exercisable only at the powerholder's death; and

(2) the permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.

Utah Code § 75A-4-204

Renumbered from § 75-10-204 and amended by Chapter 364, 2024 General Session ,§ 100, eff. 9/1/2024.

Added by Chapter 125, 2017 General Session ,§ 10, eff. 5/9/2017.