Neb. Rev. Stat. §§ 30-4607

Current with changes through the 2024 First Special Legislative Session

Section 30-4607 - Presumption of unlimited authority

Subject to section 30-4609, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:

(1) presently exercisable;

(2) exclusionary; and

(3) except as otherwise provided in section 30-4609, general.

Neb. Rev. Stat. §§ 30-4607

Laws 2021, LB 501, § 30.

Laws 2021, LB 501,§ 30, eff. 8/28/2021.