Mo. Rev. Stat. § 456.1015

Requisites for exercise of power of appointment

Known as the Missouri Uniform Powers of Appointment Act

The act spans §§ 456–456 (57 sections).

Effective: 28 Aug 2016; (L. 2016 H.B. 1765)

A power of appointment is exercised only if:

(1) The instrument exercising the power is valid under applicable law;

(2) The terms of the instrument exercising the power:

(a) Manifest the powerholder's intent to exercise the power; and

(b) Subject to section 456.1030, satisfy the requirements of exercise, if any, imposed by the donor; and

(3) To the extent the appointment is a permissible exercise of the power.

Official source: Missouri Revisor of Statutes. Reproduced from public-domain Missouri statutes; confirm against the official source for the current text. Not legal advice.