The remedy for a powerholder‘s breach of a contract to appoint or not to appoint is limited to damages payable out of the appointive property or, if appropriate, specific performance of the contract.
Effective: July 15, 2020

Terms Used In Kentucky Statutes 390.310

  • Appointive property: means the property or property interest subject to a power of appointment. See Kentucky Statutes 390.020
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Powerholder: means a person in whom a donor creates a power of appointment. See Kentucky Statutes 390.020

History: Created 2020 Ky. Acts ch. 41, sec. 30, effective July 15, 2020.

  Previous section
Next section  
 Chapter 390 Contents