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2020 Nevada Revised Statutes
Chapter 162B - Powers of Appointment (Uniform Act)
NRS 162B.315 - Substantial compliance with donor-imposed formal requirement.
Universal Citation: NV Rev Stat § 162B.315 (2020)
A powerholder’s substantial compliance with a formal requirement of appointment imposed by the donor, including a requirement that the instrument exercising the power of appointment make reference or specific reference to the power, is sufficient if:
1. The powerholder knows of and intends to exercise the power; and
2. The powerholder’s manner of attempted exercise of the power does not impair a material purpose of the donor in imposing the requirement.
(Added to NRS by 2017, 1375)
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