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2021 Nebraska Revised Statutes
Chapter 30 - Decedents' Estates; Protection of Persons and Property
30-4607 - Presumption of unlimited authority.
Universal Citation:
NE Code § 30-4607 (2021)
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30-4607. Presumption of unlimited authority.
Subject to section 30-4609, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:
(1) presently exercisable;
(2) exclusionary; and
(3) except as otherwise provided in section 30-4609, general.
Source
- Laws 2021, LB501, ยง 30.
- Effective Date: August 28, 2021
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