Nebraska § 30-4609 Rules of classification

Nebraska Statutes

§ 30-4609 — Rules of classification

Nebraska § 30-4609

Ch. 30Decedents' Estates; Protection of Persons and Property

This text of Nebraska § 30-4609 (Rules of classification) is published on Counsel Stack Legal Research, covering Nebraska primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Neb. Rev. Stat. § 30-4609 (2026).

Text

(a)In this section, adverse party means a person with a substantial beneficial interest in property which would be affected adversely by a powerholder's exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.

(b)If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.

(c)If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.

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(a) In this section, adverse party means a person with a substantial beneficial interest in property which would be affected adversely by a powerholder's exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder's estate, a creditor of the powerholder, or a creditor of the powerholder's estate.
(b) If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.
(c) If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.