§ 31D‑3‑303.  Intent to exercise after‑acquired power.

Unless the terms of an instrument exercising a power of appointment manifest a contrary intent:

(1) If the power holder is not also the donor of the power, a blanket‑exercise clause in the instrument extends to a power acquired by the power holder after executing the instrument containing the clause.

(2) If the power holder is also the donor of the power, the blanket‑exercise clause extends to the power acquired by the power holder after executing the instrument only if there is no gift‑in‑default clause or the gift‑in‑default clause is ineffective. The blanket‑exercise clause does not extend to the power if there is a gift‑in‑default clause that is effective. (2015‑205, s. 3(a).)