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2020 Nevada Revised Statutes
Chapter 162B - Powers of Appointment (Uniform Act)
NRS 162B.230 - Exception to presumption of unlimited authority.
Universal Citation: NV Rev Stat § 162B.230 (2020)
Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:
1. The power is exercisable only at the powerholder’s death; and
2. The permissible appointees of the power are a defined and limited class that does not include the powerholder’s estate, the powerholder’s creditors or the creditors of the powerholder’s estate.
(Added to NRS by 2017, 1374)
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