Ky. Rev. Stat. § 390.300

Current through 2024 Ky. Acts ch. 225

Section 390.300 - 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.

KRS 390.300

Added by 2020 Ky. Acts ch. 41,§ 29, eff. 7/14/2020.