"Blanket-exercise clause" defined.

1. Law
2. Nevada Revised Statutes
3. Powers of Appointment (Uniform Act)
4. "Blanket-exercise clause" defined.

"Blanket-exercise clause" means a clause in an instrument which exercises a power of appointment and is not a specific-exercise clause. The term includes a clause that:

1. Expressly uses the words "any power" in exercising any power of appointment the powerholder has;

2. Expressly uses the words "any property" in appointing any property over which the powerholder has a power of appointment; or

3. Disposes of all property subject to disposition by the powerholder.

(Added to NRS by 2017, 1373)

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