Md. Code, Estates and Trusts § 4-407
This is the official text of Md. Code, Estates and Trusts § 4-407, part of Maryland’s Code, Estates and Trusts — governs wills, trusts, and probate.
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§4–407.
Official statutory text
Subject to the terms of the instrument creating the power, a residuary clause in a will exercises a power of appointment held by the testator only if:
(1) An intent to exercise the power is expressly indicated in the will; or
(2) The instrument creating the power of appointment fails to provide for disposition of the subject matter of the power upon its nonexercise.
(1) An intent to exercise the power is expressly indicated in the will; or
(2) The instrument creating the power of appointment fails to provide for disposition of the subject matter of the power upon its nonexercise.
Status: in_force · Read it on the official government site
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