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2022 Nebraska Revised Statutes
Chapter 30 - Decedents' Estates; Protection of Persons and Property
30-4611 - Requisites for exercise of power of appointment.
Universal Citation: NE Code § 30-4611 (2022)
30-4611. 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 section 30-4614, 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.
Source
- Laws 2021, LB501, ยง 34.
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