To the extent there is no conflict of interest between the holder of a general testamentary power of appointment and the persons represented with respect to the particular question or dispute, the holder may represent and bind persons whose interests, as permissible appointees, takers in default, or otherwise, are subject to the power.
KRS 386B.3-020
Representation by holder of general testamentary power of appointment
Known as the Uniform Trust Code
The act spans §§ 386B.10-010 to 386B.9-010 (95 sections).
Effective: July 15, 2014 History: Created 2014 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.