Nebraska § 30-4616 Appointment to deceased appointee or permissible appointee's descendant

Nebraska Statutes

§ 30-4616 — Appointment to deceased appointee or permissible appointee's descendant

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

(a)Subject to section 30-2343 , an appointment to a deceased appointee is ineffective.

(b)Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee.

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(a) Subject to section 30-2343 , an appointment to a deceased appointee is ineffective.
(b) Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee.

Nebraska § 30-4616 (Appointment to deceased appointee or permissible appointee's descendant) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.