Utah Code 75A-4-202. Nontransferability
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(1) A powerholder may not transfer a power of appointment.
Terms Used In Utah Code 75A-4-202
- Power of appointment: means a power that enables a powerholder acting in a nonfiduciary capacity to designate a recipient of an interest in, or another power of appointment over, the appointive property. See Utah Code 75A-4-102
- Powerholder: means a person in whom a donor creates a power of appointment. See Utah Code 75A-4-102
(2) If a powerholder dies without exercising or releasing a power, the power lapses.