Mo. Rev. Stat. § 456.1090

Power to contract — presently exercisable power of appointment — power of..

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)

1. A powerholder of a presently exercisable power of appointment may contract:

(1) Not to exercise the power; or

(2) To exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

2. 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:

(1) Is also the donor of the power; and

(2) Has reserved the power in a revocable trust.

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