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2022 Nebraska Revised Statutes
Chapter 30 - Decedents' Estates; Protection of Persons and Property
30-4616 - Appointment to deceased appointee or permissible appointee's descendant.
Universal Citation: NE Code § 30-4616 (2022)
30-4616. Appointment to deceased appointee or permissible appointee's descendant.
(a) Subject to section 30-2343, an appointment to a deceased appointee is ineffective.
(b) Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee.
Source
- Laws 2021, LB501, ยง 39.
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