"Taker in default of appointment" defined.

  1. Law
  2. Nevada Revised Statutes
  3. Powers of Appointment (Uniform Act)
  4. "Taker in default of appointment" defined.

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"Taker in default of appointment" means a person that takes all or part of the appointive property to the extent the powerholder does not effectively exercise the power of appointment.

(Added to NRS by 2017, 1373)


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