NRS 162B.085
“Presently exercisable power of appointment” defined.

“Presently exercisable power of appointment” means a power of appointment exercisable by the powerholder at the relevant time. The term:

1.

Includes a power of appointment not exercisable until the occurrence of a specified event, the satisfaction of an ascertainable standard or the passage of a specified time only after:

(a)

The occurrence of the specified event;

(b)

The satisfaction of the ascertainable standard; or

(c)

The passage of the specified time; and

2.

Does not include a power exercisable only at the powerholder’s death.

Source: Section 162B.085 — “Presently exercisable power of appointment” defined., https://www.­leg.­state.­nv.­us/NRS/NRS-162B.­html#NRS162BSec085.

Last Updated

Jun. 24, 2021

§ 162B.085’s source at nv​.us