Power of appointment

Sec. 4. Unless a person exercising a power of appointment expressly renounces and surrenders the right to revoke an appointment in the instrument of appointment, the person may subsequently revoke the appointment and may periodically: (1) exercise; (2) revoke the exercise of; and (3) reexercise the power of appointment. [Pre-2002 Recodification Citation: 32-3-1-1 part.] As added by P.L.2-2002, SEC.2.