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2021 Nebraska Revised Statutes
Chapter 30 - Decedents' Estates; Protection of Persons and Property
30-4627 - Method of release.
Universal Citation: NE Code § 30-4627 (2021)
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.
Source
- Laws 2021, LB501, ยง 50.
- Effective Date: August 28, 2021
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