Mont. Code § 72-7-204

Current through the 2023 Regular Session

Section 72-7-204 - Exception to presumption of unlimited authority

Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:

(1) the power is exercisable only at the powerholder's death; and

(2) the permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.

§ 72-7-204, MCA

Added by Laws 2015, Ch. 293, Sec. 8, eff. 10/1/2015.