15-2.5-303. Intent to exercise - after-acquired power

15-2.5-303. Intent to exercise - after-acquired power. (1) Unless the terms of the instrument exercising a power of appointment manifest a contrary intent: (a) Except as otherwise provided in paragraph (b) of this subsection (1), a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and (b) If the powerholder is also the donor of the power, the clause does not extend to the power unless there is no gift-in-default clause or the gift-in-default clause is ineffective.