A powerholder of a presently exercisable power of appointment may contract to do any of the following:
(1) Not to exercise the power.
(2) To exercise the power if the contract when made does not confer a benefit on an impermissible appointee.
Wis. Stat. § 702.405
Power to contract: presently exercisable power of appointment
2023 a. 127.
Official source: Wisconsin State Legislature. Reproduced from public-domain Wisconsin statutes; confirm against the official source for the current text. Not legal advice.