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2020 Nevada Revised Statutes
Chapter 162B - Powers of Appointment (Uniform Act)
NRS 162B.025 - "Blanket-exercise clause" defined.
Universal Citation: NV Rev Stat § 162B.025 (2020)
"Blanket-exercise clause" means a clause in an instrument which exercises a power of appointment and is not a specific-exercise clause. The term includes a clause that:
1. Expressly uses the words "any power" in exercising any power of appointment the powerholder has;
2. Expressly uses the words "any property" in appointing any property over which the powerholder has a power of appointment; or
3. Disposes of all property subject to disposition by the powerholder.
(Added to NRS by 2017, 1373)
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