Kentucky Revised Statutes
Includes enactments through the 2024 Regular Session
Chapter titles, centered headings, section catchlines, and explanatory notes are for informational purposes only and do not constitute any part of the law. For general laws governing construction of statutes, see KRS Chapter 446.
The KRS database was last updated on 11/20/2024
.010 Short title.
.020 Definitions.
.030 Governing law.
.040 Common law and principles of equity.
.050 Creation of power of appointment.
.060 Nontransferability.
.070 Presumption of unlimited authority.
.080 Exception to presumption of unlimited authority.
.090 Rules of classification.
.100 Power to revoke or amend.
.110 Requisites for exercise of power of appointment.
.120 Intent to exercise -- Determining intent from residuary clause.
.130 Intent to exercise -- After-acquired power.
.140 Substantial compliance with donor-imposed formal requirement.
.150 Permissible appointment.
.160 Appointment to deceased appointee or permissible appointee’s descendant.
.170 Impermissible appointment.
.180 Selective allocation doctrine.
.190 Capture doctrine -- Disposition of ineffectively appointed property under general power.
.200 Disposition of unappointed property under released or unexercised general power.
.210 Disposition of unappointed property under released or unexercised nongeneral power.
.220 Disposition of unappointed property if partial appointment to taker in default.
.230 Appointment to taker in default.
.240 Powerholder’s authority to revoke or amend exercise.
.250 Disclaimer.
.260 Authority to release.
.270 Method of release.
.280 Revocation or amendment of release.
.290 Power to contract -- Presently exercisable power of appointment.
.300 Power to contract -- Power of appointment not presently exercisable.
.310 Remedy for breach of contract to appoint or not to appoint.
.320 Creditor claim – General power created by powerholder.
.330 Creditor claim -- General power not created by powerholder.
.350 Creditor claim -- Nongeneral power.
.360 Uniformity of application and construction.
.370 Relation to Electronic Signatures in Global and National Commerce Act.
.380 Application to existing relationships.