Mont. Code § 72-7-303

Current through the 2023 Regular Session

Section 72-7-303 - 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), 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 the gift-in-default clause is ineffective.

§ 72-7-303, MCA

Added by Laws 2015, Ch. 293, Sec. 13, eff. 10/1/2015.