§ 31D‑3‑302.  Intent to exercise; determining intent from residuary clause.

A residuary clause that does not contain a blanket‑exercisable clause or specific‑exercise clause manifests the power holder's intent to exercise a power of appointment only if all of the following apply:

(1) The terms of the instrument containing the residuary clause (including any valid codicil or amendment to the instrument) do not manifest a contrary intent.

(2) The power is a general power exercisable in favor of the power holder's estate.

(3) There is no gift‑in‑default clause or the clause is ineffective.

(4) The power holder did not release the power. (2015‑205, s. 3(a).)