Subject to KRS 390.090, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:
(1) Presently exercisable;
(2) Exclusionary; and (3) Except as otherwise provided in KRS 390.080, general.
KRS 390.070
Presumption of unlimited authority
Known as the Uniform Powers of Appointment Act
The act spans §§ 390–390 (37 sections).
Effective: July 15, 2020 History: Created 2020 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.