Mont. Code Ann. § 72-7-405

Power to contract -- presently exercisable power of appointment

Last amended: 2015Year: 2026Length: 48 wordsOfficial source
72-7-405 . Power to contract -- presently exercisable power of appointment. A powerholder of a presently exercisable power of appointment may contract: (1) not to exercise the power; or (2) to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.
Mont. Code Ann. § 72-7-405: Power to contract -- presently exercisable power of appointment | Justis AI