Power to contract: Presently exercisable power of appointment.

  1. Law
  2. Nevada Revised Statutes
  3. Powers of Appointment (Uniform Act)
  4. Power to contract: Presently exercisable power of appointment.

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A powerholder of a presently exercisable power of appointment may contract:

1. Not to exercise the power; or

2. To exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

(Added to NRS by 2017, 1378)


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