Presumption of unlimited authority.

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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.

Source

  • Laws 2021, LB501, § 30.
  • Effective Date: August 28, 2021


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