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.
Mont. Code Ann. § 72-7-406
Power to contract -- power of appointment not presently exercisable
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.