Utah Code § 75A-4-308

Current through the 2024 Fourth Special Session

Section 75A-4-308 - Elective allocation doctrine

If a powerholder exercises a power of appointment in a disposition that also disposes of property the powerholder owns, the owned property and the appointive property shall be allocated in the permissible manner that best carries out the powerholder's intent.

Utah Code § 75A-4-308

Renumbered from § 75-10-308 and amended by Chapter 364, 2024 General Session ,§ 110, eff. 9/1/2024.

Added by Chapter 125, 2017 General Session ,§ 20, eff. 5/9/2017.