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

Nebraska Statutes

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

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

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.

Nebraska § 30-4624 (Powerholder's authority to revoke or amend exercise) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.