390.070 Presumption of unlimited authority. Subject to KRS 390.090, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is: (1) Presently exercisable; (2) Exclusionary; and (3) Except as otherwise provided in KRS 390.080, general. Effective: July 15, 2020 History: Created 2020 Ky. Acts ch. 41, sec. 6, effective July 15, 2020.
Kentucky Legal Code