(1) A power of appointment may be exercised only: (a) If the instrument exercising the power is valid under applicable law; (b) If the terms of the instrument exercising the power: (I) Manifest the powerholder’s intent to exercise the power; and (II) Subject to section 15-2.5-304 , satisfy the requirements of exercise, if any, imposed by the donor; and (c) To the extent the appointment is a permissible exercise of the power.
C.R.S. § 15-2.5-301
Requisites for exercise of power of appointment
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.