Appointment to taker in default.

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30-4623. Appointment to taker in default.

If a powerholder makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift in default clause had the property not been appointed, the power of appointment is deemed not to have been exercised and the appointee takes under the clause.

Source

  • Laws 2021, LB501, § 46.
  • Effective Date: August 28, 2021


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