Neb. Rev. Stat. §§ 30-4630

Current with changes through the 2024 First Special Legislative Session

Section 30-4630 - Power to contract: Power of appointment not presently exercisable

A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

(1) is also the donor of the power; and

(2) has reserved the power in a revocable trust.

Neb. Rev. Stat. §§ 30-4630

Laws 2021, LB 501, § 53.

Laws 2021, LB 501,§ 53, eff. 8/28/2021.