(1) A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder: (a) Is also the donor of the power; and (b) Has reserved the power in the instrument creating the power.
C.R.S. § 15-2.5-406
Power to contract
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.