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2019 Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 7. Uniform Powers of Appointment Act
Part 4. Disclaimer on Release -- Contract to Appoint or Not to Appoint
72-7-406. Power to contract -- power of appointment not presently exercisable
Universal Citation: MT Code § 72-7-406 (2019)
72-7-406. Power to contract -- power of appointment not presently exercisable. A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:
(1) is also the donor of the power; and
(2) has reserved the power in a revocable trust.
History: En. Sec. 30, Ch. 293, L. 2015.
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