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Chapter 524
Section 524.2-704
Topics
Recent History
- 1994 524.2-704 New 1994 c 472 s 59
This is an historical version of this statute chapter. Also view the most recent published version.
524.2-704 POWER OF APPOINTMENT; MEANING OF SPECIFIC REFERENCE
REQUIREMENT.
If a governing instrument creating a power of appointment expressly requires that the power
be exercised by a reference, an express reference, or a specific reference, to the power or its
source, it is presumed that the donor's intention, in requiring that the donee exercise the power
by making reference to the particular power or to the creating instrument, was to prevent an
inadvertent exercise of the power and an attempt to exercise the power by a donee who had
knowledge of and intended to exercise the power is effective.
History: 1994 c 472 s 59
REQUIREMENT.
If a governing instrument creating a power of appointment expressly requires that the power
be exercised by a reference, an express reference, or a specific reference, to the power or its
source, it is presumed that the donor's intention, in requiring that the donee exercise the power
by making reference to the particular power or to the creating instrument, was to prevent an
inadvertent exercise of the power and an attempt to exercise the power by a donee who had
knowledge of and intended to exercise the power is effective.
History: 1994 c 472 s 59
Official Publication of the State of Minnesota
Revisor of Statutes