Nevada § 162B.240 Rules of classification

Nevada Statutes

§ 162B.240 — Rules of classification

Nevada § 162B.240

Title 13GUARDIANSHIPS; CONSERVATORSHIPS; TRUSTS

Ch. 162BPowers

CREATION, REVOCATION AND AMENDMENT OF POWER OF APPOINTMENT

This text of Nevada § 162B.240 (Rules of classification) 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.240 (2026).

Text

1.If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.

2.If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.

3.As used in this section, “adverse party” means a person with a substantial beneficial interest in property which would be affected adversely by a powerholder’s exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder’s estate, a creditor of the powerholder or a creditor of the powerholder’s estate.

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1. If a powerholder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.
2. If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.
3. As used in this section, “adverse party” means a person with a substantial beneficial interest in property which would be affected adversely by a powerholder’s exercise or nonexercise of a power of appointment in favor of the powerholder, the powerholder’s estate, a creditor of the powerholder or a creditor of the powerholder’s estate.