72-7-313. Appointment to taker in default

MT Code § 72-7-313 (2019) (N/A)
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72-7-313. Appointment to taker in default. If a powerholder makes an appointment to a taker in default of appointment and the appointee would have taken the property 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 default clause.

History: En. Sec. 23, Ch. 293, L. 2015.