Nev. Rev. Stat. § 162B.200

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 162B.200 - Creation of power of appointment

1. A power of appointment is created only if:

(a) The instrument creating the power is valid under applicable law; and

(b) The terms of the instrument creating the power manifest the donor's intent to create in a powerholder a power of appointment over the appointive property exercisable in favor of a permissible appointee.

2. A power of appointment may not be created in a deceased individual.

3. Subject to an applicable rule against perpetuities, a power of appointment may be created in an unborn or unascertained powerholder.

NRS 162B.200

Added to NRS by 2017, 1374; A 2019, 1857

Amended by 2019, Ch. 309,§18, eff. 10/1/2019.

Added to NRS by 2017, Ch. 262, § 24