(1) Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if: (a) The power is exercisable only at the powerholder’s death; and (b) The permissible appointees of the power are a defined and limited class that does not include the powerholder’s estate, the powerholder’s creditors, or the creditors of the powerholder’s estate.
C.R.S. § 15-2.5-204
Exception to presumption of unlimited authority
Known as the Colorado Uniform Powers of Appointment Act
The act spans §§ 15-2.5-101 to 15-2.5-603 (33 sections).
Digitized from: Public.Law — Colorado Revised Statutes. Reproduced from public-domain Colorado statutes; confirm against the official source for the current text. Not legal advice.