NRS 162B.240
Rules of classification.

1.

If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.

2.

If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.

3.

As used in this section, “adverse party” means a person with a substantial beneficial interest in property which would be affected adversely by a powerholder’s exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder’s estate, a creditor of the powerholder or a creditor of the powerholder’s estate.

Source: Section 162B.240 — Rules of classification., https://www.­leg.­state.­nv.­us/NRS/NRS-162B.­html#NRS162BSec240.

Last Updated

Jun. 24, 2021

§ 162B.240’s source at nv​.us