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Section 456.1070 Disposition of unappointed property if partial appointment to taker in default — appointment to taker in default.

MO Rev Stat § 456.1070 (2019) (N/A)
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Effective 28 Aug 2016

456.1070. Disposition of unappointed property if partial appointment to taker in default — appointment to taker in default. — 1. If the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.

2. If a powerholder makes an appointment to a taker in default of appointment and the appointee would have taken the property in the same form, manner and amount under a gift-in-default clause had the property not been appointed, the power of appointment is deemed not to have been exercised and the appointee takes under the clause.

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(L. 2016 H.B. 1765)

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Section 456.1065 Disposition of unappointed property under released or unexercised nongeneral power.
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Section 456.1075 Powerholder's authority to revoke or amend exercise.