§ 72-7-203

72-7-203. Presumption of unlimited authority. Subject to 72-7-204 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 72-7-204, general. History: En. Sec. 7, Ch. 293, L. 2015.