Montana Code 72-7-404. Revocation or amendment of release
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72-7-404. Revocation or amendment of release. A powerholder may revoke or amend a release of a power of appointment only to the extent that:
Terms Used In Montana Code 72-7-404
- 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.
- 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
- Powerholder: means a person in whom a donor creates a power of appointment. See Montana Code 72-7-102
(1)the instrument of release is revocable by the powerholder; or
(2)the powerholder reserves a power of revocation or amendment in the instrument of release.