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.
Utah Code § 75A-4-405
Power to contract -- Presently exercisable power of appointment
Renumbered and Amended by Chapter 364, 2024 General Session
Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.