72-7-206. Power to revoke or amend. A donor may revoke or amend a power of appointment only to the extent that:

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Terms Used In Montana Code 72-7-206

  • 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 Montana Code 72-7-102
  • Instrument: means a writing. See Montana Code 72-7-102
  • 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 Montana Code 72-7-102

(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.