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2020 Nevada Revised Statutes
Chapter 162B - Powers of Appointment (Uniform Act)
NRS 162B.200 - Creation of power of appointment.
Universal Citation: NV Rev Stat § 162B.200 (2020)
1. A power of appointment is created only if:
(a) The instrument creating the power is valid under applicable law; and
(b) The terms of the instrument creating the power manifest the donor’s intent to create in a powerholder a power of appointment over the appointive property exercisable in favor of a permissible appointee.
2. A power of appointment may not be created in a deceased individual.
3. Subject to an applicable rule against perpetuities, a power of appointment may be created in an unborn or unascertained powerholder.
(Added to NRS by 2017, 1374; A 2019, 1857)
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