☰ Revisor of Missouri

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 456

< > Effective - 28 Aug 2016 bottom

  456.1005.  Rules of classification. — 1.  As used in this section, "adverse party" means a person with a substantial beneficial interest in property which would be affected adversely by a powerholder's exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

  2.  If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.

  3.  If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.

­­--------

(L. 2016 H.B. 1765)


---- end of effective  28 Aug 2016 ----

use this link to bookmark section  456.1005


Click here for the Reorganization Act of 1974 - or - Concurrent Resolutions Having Force & Effect of Law
In accordance with Section 3.090, the language of statutory sections enacted during a legislative session are updated and available on this website on the effective date of such enacted statutory section. Revisor Home    

Other Information
 Recent Sections Editorials May Be Cited As Tables & Forms Multiple Enact
Repeal & Transfer Definitions End Report

Site changes Pictures Contact

Other Links
Legislative Research Oversight MOLIS
Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House