Power to contract: Presently exercisable power of appointment.

  1. Law
  2. Nebraska Revised Statutes
  3. Decedents' Estates; Protection of Persons and Property
  4. Power to contract: Presently exercisable power of appointment.

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30-4629. Power to contract: Presently exercisable power of appointment.

A powerholder of a presently exercisable power of appointment may contract:

(1) not to exercise the power; or

(2) to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

Source

  • Laws 2021, LB501, § 52.
  • Effective Date: August 28, 2021


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