Creation of power of appointment.

1. A power of appointment is created only if: (a) The instrument creating the power is valid under applicable law; and (b) The terms of the instrument creating the power manifest the donor’s intent to create in a powerholder a power of appointment over the appointive property exercisable in favor of a permissible appointee. 2. A power of appointment may not be created in a deceased individual. 3. Subject to an applicable rule against perpetuities, a power of appointment may be created in an unborn or unascertained powerholder. (Added to NRS by 2017, 1374; A 2019, 1857)