Utah Code § 75A-4-303

Intent to exercise -- After-acquired power.

Last amended: 2024Year: 2026Length: 73 wordsOfficial source
Unless the terms of the instrument exercising a power of appointment manifest a contrary intent: (1) except as otherwise provided in Subsection (2), a blanket-exercise clause extends to a power acquired by the powerholder after executing the instrument containing the clause; and (2) 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.
Utah Code § 75A-4-303: Intent to exercise -- After-acquired power. | Justis AI