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.
Mont. Code Ann. § 72-7-405
Power to contract -- presently exercisable power of appointment
Known as the Uniform Powers of Appointment Act
The act spans §§ 72–72 (38 sections).
En
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.