Neb. Rev. Stat. §§ 30-4627

Current with changes through the 2024 First Special Legislative Session

Section 30-4627 - Method of release

A powerholder of a releasable power of appointment may release the power in whole or in part:

(1) by substantial compliance with a method provided in the terms of the instrument creating the power; or

(2) if the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by a record manifesting the powerholder's intent by clear and convincing evidence.

Neb. Rev. Stat. §§ 30-4627

Laws 2021, LB 501, § 50.

Laws 2021, LB 501,§ 50, eff. 8/28/2021.