Nev. Rev. Stat. § 162B.025

Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1

Section 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.

NRS 162B.025

Added to NRS by 2017, 1373

Added to NRS by 2017, Ch. 262, § 6