390.240 Powerholder’s authority to revoke or amend exercise. A powerholder may revoke or amend an exercise of a power of appointment only to the extent that: (1) The powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is nongeneral, the term s of the instrument creating the power of appointment do not prohibit the reservation; or (2) The terms of the instrument creating the power of appointment provide that the exercise is revocable or amendable. Effective: July 15, 2020 History: Created 2020 Ky. Acts ch. 41, sec. 23, effective July 15, 2020.
Kentucky Legal Code