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§560:2-608 - Exercise of power of appointment.

     §560:2-608  Exercise of power of appointment.  In the absence of a requirement that a power of appointment be exercised by a reference, or by an express or specific reference, to the power, a general residuary clause in a will, or a will making general disposition of all of the testator's property, expresses an intention to exercise a power of appointment held by the testator only if:

     (1)  The power is a general power and the creating instrument does not contain a gift if the power is not exercised; or

     (2)  The testator's will manifests an intention to include the property subject to the power. [L 1996, c 288, pt of §1]

 

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