Utah Code 75-10-407. Remedy for breach of contract to appoint or not to appoint
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Terms Used In Utah Code 75-10-407
- Appointive property: means the property or property interest subject to a power of appointment. See Utah Code 75-10-102
- 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 Utah Code 75-10-102
- Property: includes both real and personal property. See Utah Code 68-3-12.5
75-10-407. Remedy for breach of contract to appoint or not to appoint.
The remedy for a powerholder‘s breach of a contract to appoint or not to appoint appointive property is limited to damages payable out of the appointive property or, if appropriate, specific performance of the contract.
The remedy for a powerholder‘s breach of a contract to appoint or not to appoint appointive property is limited to damages payable out of the appointive property or, if appropriate, specific performance of the contract.
Enacted by Chapter 125, 2017 General Session