Appointment to deceased appointee or permissible appointee's descendant.

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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.

Source

  • Laws 2021, LB501, § 39.
  • Effective Date: August 28, 2021


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