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2022 Kentucky Revised Statutes
Chapter 390 - Uniform powers of appointment act
390.130 Intent to exercise -- After-acquired power.

Universal Citation: KY Rev Stat § 390.130 (2022)
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390.130 Intent to exercise -- After-acquired power. Unless the terms of the instrument exercising a power of appointment manifest a contrary intent: (1) Except as otherwise provided in subsection (2) of this section, a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and (2) If the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or it is ineffective. Effective: July 15, 2020 History: Created 2020 Ky. Acts ch. 41, sec. 12, effective July 15, 2020.
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