Neb. Rev. Stat. §§ 30-4611

Current with changes through the 2024 First Special Legislative Session

Section 30-4611 - Requisites for exercise of power of appointment

A power of appointment is exercised only:

(1) if the instrument exercising the power is valid under applicable law;

(2) if the terms of the instrument exercising the power:

(A) manifest the powerholder's intent to exercise the power; and

(B) subject to section 30-4614, satisfy the requirements of exercise, if any, imposed by the donor; and

(3) to the extent the appointment is a permissible exercise of the power.

Neb. Rev. Stat. §§ 30-4611

Laws 2021, LB 501, § 34.

Laws 2021, LB 501,§ 34, eff. 8/28/2021.