Power to contract: Power of appointment not presently exercisable.

  1. Law
  2. Nevada Revised Statutes
  3. Powers of Appointment (Uniform Act)
  4. Power to contract: Power of appointment not presently exercisable.

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A powerholder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the powerholder:

1. Is also the donor of the power; and

2. Has reserved the power in a revocable trust.

(Added to NRS by 2017, 1378)


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