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Section 456.1065 Disposition of unappointed property under released or unexercised nongeneral power.

MO Rev Stat § 456.1065 (2019) (N/A)
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Effective 28 Aug 2016

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.

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(L. 2016 H.B. 1765)

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Section 456.1060 Disposition of unappointed property under released or unexercised general power.
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Section 456.1070 Disposition of unappointed property if partial appointment to taker in default — appointment to taker in default.