Nebraska § 30-4624 Powerholder's authority to revoke or amend exercise

Nebraska Statutes

§ 30-4624 — Powerholder's authority to revoke or amend exercise

Nebraska § 30-4624

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

This text of Nebraska § 30-4624 (Powerholder's authority to revoke or amend exercise) 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. § 30-4624 (2026).

Text

A powerholder may revoke or amend an exercise of a power of appointment only to the extent that:

(1)the powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is nongeneral, the terms of the instrument creating the power of appointment do not prohibit the reservation; or

(2)the terms of the instrument creating the power of appointment provide that the exercise is revocable or amendable.

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A powerholder may revoke or amend an exercise of a power of appointment only to the extent that:
(1) the powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is nongeneral, the terms of the instrument creating the power of appointment do not prohibit the reservation; or
(2) the terms of the instrument creating the power of appointment provide that the exercise is revocable or amendable.