Section 702.204 - Exception to presumption of unlimited authorityUnless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is a nongeneral power of appointment if all of the following apply:
(1) The power is exercisable only at the powerholder's death.(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.Added by Acts 2023 ch, 127,s 118, eff. 3/23/2024.