72-7-406. 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.
History: En. Sec. 30, 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