Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.
KRS 390.220
Disposition of unappointed property if partial appointment to taker in default
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.