Wisconsin Statutes 702.314 – Powerholder’s authority to revoke or amend exercise
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A powerholder may revoke or amend an exercise of a power of appointment only to the extent that any of the following applies:
Terms Used In Wisconsin Statutes 702.314
- 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.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
(1) The powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is a nongeneral power of appointment, the terms of the instrument creating the power of appointment do not prohibit the reservation.
(2) The terms of the instrument creating the power of appointment provide that the exercise of the power of appointment is revocable or amendable.