Utah Code § 75A-4-301

Current through the 2024 Fourth Special Session

Section 75A-4-301 - Requisites for exercise of power of appointment

A power of appointment is exercised only:

(1) if the instrument exercising the power is valid under applicable law;

(2) if the terms of the instrument exercising the power:

(a) manifest the powerholder's intent to exercise the power; and

(b) 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.

Utah Code § 75A-4-301

Renumbered from § 75-10-301 and amended by Chapter 364, 2024 General Session ,§ 103, eff. 9/1/2024.

Added by Chapter 125, 2017 General Session ,§ 13, eff. 5/9/2017.