390.300 Power to contract -- Power of appointment not presently exercisable. A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder: (1) Is also the donor of the power; and (2) Has reserved the power in a revocable trust. Effective: July 15, 2020 History: Created 2020 Ky. Acts ch. 41, sec. 29, effective July 15, 2020.
Kentucky Legal Code