Exception to presumption of unlimited authority.

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

Unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is nongeneral if:

1. The power is exercisable only at the powerholder’s death; and

2. The permissible appointees of the power are a defined and limited class that does not include the powerholder’s estate, the powerholder’s creditors or the creditors of the powerholder’s estate.

(Added to NRS by 2017, 1374)

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