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2020 Colorado Revised Statutes
Title 15 - Probate, Trusts, And Fiduciaries
Article 2.5. Uniform Powers of Appointment Act
Section 15-2.5-303. Intent to exercise - after-acquired power.
Universal Citation: CO Rev Stat § 15-2.5-303 (2020)
(1) Unless the terms of the instrument exercising a power of appointment manifest a contrary intent:
Except as otherwise provided in paragraph (b) of this subsection (1), a blanketexercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and
If the powerholder is also the donor of the power, the clause does not extend to thepower unless there is no gift-in-default clause or the gift-in-default clause is ineffective.
Source: L. 2014: Entire article added, (HB 14-1353), ch. 209, p. 776, § 1, effective July 1, 2015.
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