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2020 Nevada Revised Statutes
Chapter 162B - Powers of Appointment (Uniform Act)
NRS 162B.085 - "Presently exercisable power of appointment" defined.
Universal Citation: NV Rev Stat § 162B.085 (2020)
"Presently exercisable power of appointment" means a power of appointment exercisable by the powerholder at the relevant time. The term:
1. Includes a power of appointment not exercisable until the occurrence of a specified event, the satisfaction of an ascertainable standard or the passage of a specified time only after:
(a) The occurrence of the specified event;
(b) The satisfaction of the ascertainable standard; or
(c) The passage of the specified time; and
2. Does not include a power exercisable only at the powerholder’s death.
(Added to NRS by 2017, 1373)
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