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2020 Colorado Revised Statutes
Title 15 - Probate, Trusts, And Fiduciaries
Article 2.5. Uniform Powers of Appointment Act
Section 15-2.5-301. Requisites for exercise of power of appointment.
Universal Citation: CO Rev Stat § 15-2.5-301 (2020)
(1) A power of appointment may be exercised only:
(a) If the instrument exercising the power is valid under applicable law; (b) If the terms of the instrument exercising the power:
Manifest the powerholder's intent to exercise the power; and
Subject to section 15-2.5-304, satisfy the requirements of exercise, if any, imposedby the donor; and
(c) To the extent the appointment is a permissible exercise of the power.
Source: L. 2014: Entire article added, (HB 14-1353), ch. 209, p. 776, § 1, effective July 1, 2015.
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