Disposition of unappointed property if partial appointment to taker in default.

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30-4622. Disposition of unappointed property if partial appointment to taker in default.

Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the powerholder makes a valid partial appointment to a taker in default of appointment, the taker in default of appointment may share fully in unappointed property.

Source

  • Laws 2021, LB501, § 45.
  • Effective Date: August 28, 2021


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