Nevada § 162B.085 “Presently exercisable power of appointment” defined

Nevada Statutes

§ 162B.085 — “Presently exercisable power of appointment” defined

Nevada § 162B.085

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 162BPowers

GENERAL PROVISIONS

This text of Nevada § 162B.085 (“Presently exercisable power of appointment” defined) is published on Counsel Stack Legal Research, covering Nevada primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Nev. Rev. Stat. § 162B.085 (2026).

Text

“Presently exercisable power of appointment” means a power of appointment exercisable by the powerholder at the relevant time. The term: 1. Includes a power of appointment not exercisable until the occurrence of a specified event, the satisfaction of an ascertainable standard or the passage of a specified time only after:

(a)The occurrence of the specified event;

(b)The satisfaction of the ascertainable standard; or

(c)The passage of the specified time; and 2. Does not include a power exercisable only at the powerholder’s death.

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“Presently exercisable power of appointment” means a power of appointment exercisable by the powerholder at the relevant time. The term:
1. Includes a power of appointment not exercisable until the occurrence of a specified event, the satisfaction of an ascertainable standard or the passage of a specified time only after:
(a) The occurrence of the specified event;
(b) The satisfaction of the ascertainable standard; or
(c) The passage of the specified time; and
2. Does not include a power exercisable only at the powerholder’s death.