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2020 Colorado Revised Statutes
Title 15 - Probate, Trusts, And Fiduciaries
Article 2.5. Uniform Powers of Appointment Act
Section 15-2.5-405. Power to contract - presently exercisable power of appointment.
Universal Citation: CO Rev Stat § 15-2.5-405 (2020)
(1) A powerholder of a presently exercisable power of appointment may contract:
Not to exercise the power if the contract, when made, does not confer a benefit on aperson other than a taker in default or a permissible appointee; or
To exercise the power if the contract, when made, does not confer a benefit on animpermissible appointee.
Source: L. 2014: Entire article added, (HB 14-1353), ch. 209, p. 781, § 1, effective July 1, 2015.
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