72-7-403. Method of release. A powerholder of a releasable power of appointment may release the power in whole or in part:
(1) by substantial compliance with a method provided in the terms of the instrument creating the power; or
(2) if the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a writing manifesting the powerholder's intent by clear and convincing evidence.
History: En. Sec. 27, Ch. 293, L. 2015.
Structure Montana Code Annotated
Title 72. Estates, Trusts, and Fiduciary Relationships
Chapter 7. Uniform Powers of Appointment Act
Part 4. Disclaimer on Release -- Contract to Appoint or Not to Appoint
72-7-402. Authority to release
72-7-404. Revocation or amendment of release
72-7-405. Power to contract -- presently exercisable power of appointment
72-7-406. Power to contract -- power of appointment not presently exercisable
72-7-407. Remedy for breach of contract to appoint or not to appoint