Neb. Rev. Stat. §§ 30-4616

Current with changes through the 2024 First Special Legislative Session
Section 30-4616 - Appointment to deceased appointee or permissible appointee's descendant
(a) Subject to section 30-2343, an appointment to a deceased appointee is ineffective.
(b) Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee.

Neb. Rev. Stat. §§ 30-4616

Laws 2021, LB 501, § 39.
Laws 2021, LB 501,§ 39, eff. 8/28/2021.