Limitations on duties and liability of person with power of appointment.

  1. Law
  2. Nevada Revised Statutes
  3. Trustees’ Accounting (Uniform Act)
  4. Limitations on duties and liability of person with power of appointment.

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Except as otherwise provided in a trust instrument, a person holding a power of appointment pursuant to a nontestamentary trust does not owe a fiduciary duty to any person and is not liable to any person with respect to the exercise or nonexercise of the power of appointment.

(Added to NRS by 2011, 1477)


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