Revisor Home

Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 456

previous next Effective - 28 Aug 2016bottom

  456.1065.  Disposition of unappointed property under released or unexercised nongeneral power. — To the extent a powerholder releases, ineffectively exercises, or fails to exercise a nongeneral power of appointment:

  (1)  The gift-in-default clause controls the disposition of the unappointed property; or

  (2)  If there is no gift-in-default clause or to the extent the clause is ineffective, the unappointed property:

  (a)  Passes to the permissible appointees if:

  a.  The permissible appointees are defined and limited; and

  b.  The terms of the instrument creating the power do not manifest a contrary intent; or

  (b)  If there is no taker under paragraph (a) of this subdivision, passes under a reversionary interest to the donor or the donor's transferee or successor in interest.

­­--------

(L. 2016 H.B. 1765)


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

use this link to bookmark section  456.1065


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

Site changes Contact
Other Links
Oversight Library MO WebMasters
Senate
Missouri Senate
State of Missouri
MO.gov
House
Missouri House

@10:44:52.8 32