NRS 162B.025
“Blanket-exercise clause” defined.

“Blanket-exercise clause” means a clause in an instrument which exercises a power of appointment and is not a specific-exercise clause. The term includes a clause that:

1.

Expressly uses the words “any power” in exercising any power of appointment the powerholder has;

2.

Expressly uses the words “any property” in appointing any property over which the powerholder has a power of appointment; or

3.

Disposes of all property subject to disposition by the powerholder.

Source: Section 162B.025 — “Blanket-exercise clause” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-162B.­html#NRS162BSec025.

Last Updated

Jun. 24, 2021

§ 162B.025’s source at nv​.us