LegalFix
Sign In

Section 456.1000 Presumption of unlimited authority — exception to presumption of unlimited authority.

MO Rev Stat § 456.1000 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Effective 28 Aug 2016

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.

­­--------

(L. 2016 H.B. 1765)

Previous Section
Section 456.995 Nontransferability.
Next Section
Section 456.1005 Rules of classification.