456.3-302. Representation by holder of general testamentary power of appointment. - Missouri Statutes

Representation by holder of general testamentary power of appointment.

456.3-302. The holder of a testamentary power of appointment mayrepresent and bind persons whose interests, as permissible appointees,takers in default, or otherwise, are subject to the power.

In this section "testamentary power of appointment" means a testamentarypower of appointment exercisable without the consent of the creator of thepower or person holding an adverse interest in favor of:

(1) a class of appointees that includes the holder, the holder'sestate, the holder's creditors, or the creditors of the holder's estate; or

(2) all persons other than the holder, the holder's estate, theholder's creditor's, or the creditors of the holder's estate.

(L. 2004 H.B. 1511)

Effective 1-01-05