Nev. Rev. Stat. § 162B.450

Power to contract: Power of appointment not presently exercisable.

Last amended: 2017Year: 2026Length: 50 wordsOfficial source
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)
Nev. Rev. Stat. § 162B.450: Power to contract: Power of appointment not presently exercisable. | Justis AI