Utah Code § 75A-4-406

Current through the 2024 Fourth Special Session

Section 75A-4-406 - 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.

Utah Code § 75A-4-406

Renumbered from § 75-10-406 and amended by Chapter 364, 2024 General Session ,§ 122, eff. 9/1/2024.

Added by Chapter 125, 2017 General Session ,§ 32, eff. 5/9/2017.