Maryland Code, ESTATES AND TRUSTS 4-407
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Terms Used In Maryland Code, ESTATES AND TRUSTS 4-407
- Testator: A male person who leaves a will at death.
Subject to the terms of the instrument creating the power, a residuary clause in a will exercises a power of appointment held by the testator only if:
(1) An intent to exercise the power is expressly indicated in the will; or
(2) The instrument creating the power of appointment fails to provide for disposition of the subject matter of the power upon its nonexercise.