Kentucky Statutes 390.100 – Power to revoke or amend
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90.100 Power to revoke or amend.
A donor may revoke or amend a power of appointment only to the extent that: (1) The instrument creating the power is revocable by the donor; or
(2) The donor reserves a power of revocation or amendment in the instrument creating the power of appointment.
Effective: July 15, 2020
History: Created 2020 Ky. Acts ch. 41, sec. 9, effective July 15, 2020.
A donor may revoke or amend a power of appointment only to the extent that: (1) The instrument creating the power is revocable by the donor; or
Terms Used In Kentucky Statutes 390.100
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Donor: The person who makes a gift.
- Donor: means a person who creates a power of appointment. See Kentucky Statutes 390.020
- Instrument: means a writing. See Kentucky Statutes 390.020
- Power of appointment: means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an ownership interest in or another power of appointment over the appointive property. See Kentucky Statutes 390.020
(2) The donor reserves a power of revocation or amendment in the instrument creating the power of appointment.
Effective: July 15, 2020
History: Created 2020 Ky. Acts ch. 41, sec. 9, effective July 15, 2020.