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Title XXXI TRUSTS AND ESTATES OF DECEDENTS AND PERSONS UNDER DISABILITY

Chapter 456

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  456.1000.  Presumption of unlimited authority — exception to presumption of unlimited authority. — 1.  Subject to section 456.1005, the power is:

  (1)  Presently exercisable;

  (2)  Exclusionary; and

  (3)  Except as otherwise provided in subsection 2 of this section, general.

  2.  The power is nongeneral if:

  (1)  The power is exercisable only at the powerholder's death; and

  (2)  The permissible appointees of the power are a defined and limited class that does not include the powerholder's estate, the powerholder's creditors, or the creditors of the powerholder's estate.

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(L. 2016 H.B. 1765)


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

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