C.R.S. § 15-2.5-405

15-2.5-405. Power to contract - presently exercisable power of appointment

Year: 2026Length: 71 wordsSubsections: 2Official source
15-2.5-405. Power to contract - presently exercisable power of appointment. (1) A powerholder of a presently exercisable power of appointment may contract: (a) Not to exercise the power if the contract, when made, does not confer a benefit on a person other than a taker in default or a permissible appointee; or (b) To exercise the power if the contract, when made, does not confer a benefit on an impermissible appointee.
C.R.S. § 15-2.5-405: 15-2.5-405. Power to contract - presently exercisable power of appointment | Justis AI