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Form a Business

Power to contract -- Power of appointment not presently exercisable

KRS 390.300
in effect
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390.300. 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. Effective: July 15, 2020 History: Created 2020 Ky. Acts ch. 41, sec. 29, effective July 15, 2020.
Source: Kentucky Legislative Research Commission (legislature.ky.gov)URL: https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50138Fetched: 10/20/2026

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