Md. Code, Est. & Trusts § 4-407

Current with changes from the 2024 Legislative Session

Section 4-407 - Exercise of power of appointment

Subject to the terms of the instrument creating the power, a residuary clause in a will exercises a power of appointment held by the testator only if:

(1) An intent to exercise the power is expressly indicated in the will; or

(2) The instrument creating the power of appointment fails to provide for disposition of the subject matter of the power upon its nonexercise.

Md. Code, ET § 4-407