72-7-202. Nontransferability. A powerholder may not transfer a power of appointment. If a powerholder dies without exercising or releasing a power, the power lapses.
History: En. Sec. 6, Ch. 293, L. 2015.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 7. Uniform Powers of Appointment Act
Part 2. Creation, Revocation, and Amendment of Power of Appointment
72-7-201. Creation of power of appointment
72-7-203. Presumption of unlimited authority
72-7-204. Exception to presumption of unlimited authority