Power to contract: Power of appointment not presently exercisable.

  1. Law
  2. Nebraska Revised Statutes
  3. Decedents' Estates; Protection of Persons and Property
  4. Power to contract: Power of appointment not presently exercisable.

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30-4630. Power to contract: Power of appointment not presently exercisable.

A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

(1) is also the donor of the power; and

(2) has reserved the power in a revocable trust.

Source

  • Laws 2021, LB501, § 53.
  • Effective Date: August 28, 2021


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