Nebraska § 30-4611 Requisites for exercise of power of appointment

Nebraska Statutes

§ 30-4611 — Requisites for exercise of power of appointment

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

A power of appointment is exercised only:

(1)if the instrument exercising the power is valid under applicable law;

(2)if the terms of the instrument exercising the power:

(A)manifest the powerholder's intent to exercise the power; and

(B)subject to section 30-4614 , satisfy the requirements of exercise, if any, imposed by the donor; and

(3)to the extent the appointment is a permissible exercise of the power.

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A power of appointment is exercised only:
(1) if the instrument exercising the power is valid under applicable law;
(2) if the terms of the instrument exercising the power:
(A) manifest the powerholder's intent to exercise the power; and
(B) subject to section 30-4614 , satisfy the requirements of exercise, if any, imposed by the donor; and
(3) to the extent the appointment is a permissible exercise of the power.

Nebraska § 30-4611 (Requisites for exercise of power of appointment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.