Presumption of unlimited authority.

  1. Law
  2. Nevada Revised Statutes
  3. Powers of Appointment (Uniform Act)
  4. Presumption of unlimited authority.

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Subject to NRS 162B.240, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is:

1. Presently exercisable;

2. Exclusionary; and

3. Except as otherwise provided in NRS 162B.230, general.

(Added to NRS by 2017, 1374)


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