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§ 4-407. Powers of appointment exercised by residuary clause

West's Annotated Code of MarylandEstates and Trusts

West's Annotated Code of Maryland
Estates and Trusts (Refs & Annos)
Title 4. Wills (Refs & Annos)
Subtitle 4. Rules Relating to Legacies (Refs & Annos)
MD Code, Estates and Trusts, § 4-407
§ 4-407. Powers of appointment exercised by residuary clause
Currentness
Subject to the terms of the instrument creating the power, a residuary clause in a will exercises a power of appointment held by the testator only if:
(1) An intent to exercise the power is expressly indicated in the will; or
(2) The instrument creating the power of appointment fails to provide for disposition of the subject matter of the power upon its nonexercise.

Credits

Added by Acts 1974, c. 11, § 2, eff. July 1, 1974.
Formerly Art. 93, § 4-407.
MD Code, Estates and Trusts, § 4-407, MD EST & TRST § 4-407
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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