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CITED AS THE
________
Capital letters indicate new material added to existing statutes; dashes through words indicate
deletions from existing statutes and such material not part of act.
(2)
"APPOINTIVE
(3)
"DONOR"
APPOINTMENT.
(6) "GENERAL
(17)
"SPECIFIC-EXERCISE
THE
(3)
(4) SUBJECT
15-2.5-202.
15-2.5-204,
(b)
THE
PART 3
EXERCISE OF POWER OF APPOINTMENT
PAGE 6-HOUSE BILL 14-1353
"WILL"
(2)
(1) UNLESS
MAKE
15-2.5-307.
A POWERHOLDER
EXERCISES A POWER OF APPOINTMENT IN A DISPOSITION THAT ALSO
DISPOSES OF PROPERTY THE POWERHOLDER OWNS, THE OWNED PROPERTY
AND THE APPOINTIVE PROPERTY MUST BE ALLOCATED IN THE PERMISSIBLE
MANNER THAT BEST CARRIES OUT THE POWERHOLDER'S INTENT.
(b) THE
PART 4
DISCLAIMER OR RELEASE; CONTRACT
TO APPOINT OR NOT TO APPOINT
15-2.5-401. Disclaimer. (1) SUBJECT TO THE "UNIFORM
DISCLAIMER OF PROPERTY INTERESTS ACT", PART 12 OF ARTICLE 11 OF THIS
TITLE:
(a) A POWERHOLDER MAY DISCLAIM ALL OR PART OF A POWER OF
APPOINTMENT; AND
(b) A PERMISSIBLE APPOINTEE, APPOINTEE, OR TAKER IN DEFAULT OF
APPOINTMENT MAY DISCLAIM ALL OR PART OF AN INTEREST IN APPOINTIVE
PROPERTY.
15-2.5-402. Authority to release. A POWERHOLDER MAY RELEASE
A POWER OF APPOINTMENT, IN WHOLE OR IN PART, EXCEPT TO THE EXTENT
THE TERMS OF THE INSTRUMENT CREATING THE POWER PREVENT THE
RELEASE.
POWERHOLDER OF A
RELEASABLE POWER OF APPOINTMENT MAY RELEASE THE POWER IN WHOLE
OR IN PART:
(II) JOINING
(III) CONTRACTING
15-2.5-404.
(a)
THE INSTRUMENT
POWERHOLDER; OR
(b) THE
"DONEE",
July 1, 2015, or on the date of the official declaration of the vote thereon
by the governor, whichever is later.
____________________________ ____________________________
Mark Ferrandino
Morgan Carroll
SPEAKER OF THE HOUSE
PRESIDENT OF
OF REPRESENTATIVES
THE SENATE
____________________________ ____________________________
Marilyn Eddins
Cindi L. Markwell
CHIEF CLERK OF THE HOUSE
SECRETARY OF
OF REPRESENTATIVES
THE SENATE
APPROVED________________________________________
_________________________________________
John W. Hickenlooper
GOVERNOR OF THE STATE OF COLORADO