Subject to KRS 390.090, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is: (1) Presently exercisable; (2) Exclusionary; and (3) Except as otherwise provided in KRS 390.080, general.
KRS § 390.070, under UNIFORM POWERS OF APPOINTMENT ACT.
KRS § 390.070
Subject to KRS 390.090, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is: (1) Presently exercisable; (2) Exclusionary; and (3) Except as otherwise provided in KRS 390.080, general.