Nev. Rev. Stat. § 162B.300

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

Section 162B.300 - Requisites for exercise of power of appointment

A power of appointment is exercised only:

1. If the instrument exercising the power is valid under applicable law;

2. If the terms of the instrument exercising the power:

(a) Manifest the powerholder's intent to exercise the power; and

(b) Subject to NRS 162B.315, satisfy the requirements of exercise, if any, imposed by the donor; and

3. To the extent the appointment is a permissible exercise of the power.

NRS 162B.300

Added to NRS by 2017, 1375

Added to NRS by 2017, Ch. 262, § 30