Nevada Revised Statutes
Chapter 162B - Powers of Appointment (Uniform Act)

NRS 162B.005 - Short title. - This chapter may be cited as the Uniform Powers of...

NRS 162B.010 - Definitions. - As used in this chapter, unless the context otherwise requires,...

NRS 162B.015 - "Appointee" defined. - "Appointee" means a person to which a powerholder makes an...

NRS 162B.020 - "Appointive property" defined. - "Appointive property" means the property or property interest subject to...

NRS 162B.025 - "Blanket-exercise clause" defined. - "Blanket-exercise clause" means a clause in an instrument which exercises...

NRS 162B.030 - "Donor" defined. - "Donor" means a person that creates a power of appointment....

NRS 162B.035 - "Exclusionary power of appointment" defined. - "Exclusionary power of appointment" means a power of appointment exercisable...

NRS 162B.040 - "General power of appointment" defined. - "General power of appointment" means a power of appointment exercisable...

NRS 162B.045 - "Gift-in-default clause" defined. - "Gift-in-default clause" means a clause identifying a taker in default...

NRS 162B.050 - "Impermissible appointee" defined. - "Impermissible appointee" means a person that is not a permissible...

NRS 162B.055 - "Instrument" defined. - "Instrument" means a record. (Added to NRS by 2017, 1373)

NRS 162B.060 - "Nongeneral power of appointment" defined. - "Nongeneral power of appointment" means a power of appointment that...

NRS 162B.065 - "Permissible appointee" defined. - "Permissible appointee" means a person in whose favor a powerholder...

NRS 162B.070 - "Person" defined. - "Person" includes an individual, estate, trust, business or nonprofit entity,...

NRS 162B.075 - "Power of appointment" defined. - "Power of appointment" means a power that enables a powerholder...

NRS 162B.080 - "Powerholder" defined. - "Powerholder" means a person in which a donor creates a...

NRS 162B.085 - "Presently exercisable power of appointment" defined. - "Presently exercisable power of appointment" means a power of appointment...

NRS 162B.090 - "Specific-exercise clause" defined. - "Specific-exercise clause" means a clause in an instrument which specifically...

NRS 162B.095 - "Taker in default of appointment" defined. - "Taker in default of appointment" means a person that takes...

NRS 162B.100 - "Terms of the instrument" defined. - "Terms of the instrument" means the manifestation of the intent...

NRS 162B.105 - Governing law. - Unless the terms of the instrument creating a power of...

NRS 162B.110 - Common law and principles of equity. - The common law and principles of equity supplement this chapter,...

NRS 162B.200 - Creation of power of appointment. - 1. A power of appointment is created only if: (a)...

NRS 162B.210 - Nontransferability. - A powerholder may not transfer a power of appointment. If...

NRS 162B.220 - Presumption of unlimited authority. - Subject to NRS 162B.240, and unless the terms of the...

NRS 162B.230 - Exception to presumption of unlimited authority. - Unless the terms of the instrument creating a power of...

NRS 162B.240 - Rules of classification. - 1. If a powerholder may exercise a power of appointment...

NRS 162B.250 - Power to revoke or amend. - A donor may revoke or amend a power of appointment...

NRS 162B.300 - Requisites for exercise of power of appointment. - A power of appointment is exercised only: 1. If the...

NRS 162B.305 - Intent to exercise: Determining intent from residuary clause. - 1. A residuary clause in a powerholder’s will or a...

NRS 162B.310 - Intent to exercise: After-acquired power. - Unless the terms of the instrument exercising a power of...

NRS 162B.315 - Substantial compliance with donor-imposed formal requirement. - A powerholder’s substantial compliance with a formal requirement of appointment...

NRS 162B.320 - Permissible appointment. - 1. A powerholder of a general power of appointment that...

NRS 162B.325 - Appointment to deceased appointee or permissible appointee’s descendant. - 1. Subject to NRS 133.200, an appointment to a deceased...

NRS 162B.330 - Impermissible appointment. - 1. Except as otherwise provided in NRS 162B.325, an exercise...

NRS 162B.335 - Selective allocation doctrine. - If a powerholder exercises a power of appointment in a...

NRS 162B.340 - Capture doctrine: Disposition of ineffectively appointed property under general power. - To the extent a powerholder of a general power of...

NRS 162B.345 - Disposition of unappointed property under released or unexercised general power. - To the extent a powerholder releases or fails to exercise...

NRS 162B.350 - Disposition of unappointed property under released or unexercised nongeneral power. - To the extent a powerholder releases, ineffectively exercises or fails...

NRS 162B.355 - Disposition of unappointed property if partial appointment to taker in default. - Unless the terms of the instrument creating or exercising a...

NRS 162B.360 - Appointment to taker in default. - If a powerholder makes an appointment to a taker in...

NRS 162B.365 - Powerholder’s authority to revoke or amend exercise; exceptions. - A powerholder may revoke or amend an exercise of a...

NRS 162B.400 - Disclaimer. - As provided by chapter 120 of NRS: 1. A powerholder...

NRS 162B.410 - Authority to release. - A powerholder may release a power of appointment, in whole...

NRS 162B.420 - Method of release. - A powerholder of a releasable power of appointment may release...

NRS 162B.430 - Revocation or amendment of release. - A powerholder may revoke or amend a release of a...

NRS 162B.440 - Power to contract: Presently exercisable power of appointment. - A powerholder of a presently exercisable power of appointment may...

NRS 162B.450 - Power to contract: Power of appointment not presently exercisable. - A powerholder of a power of appointment that is not...

NRS 162B.460 - Remedy for breach of contract to appoint or not to appoint. - The remedy for a powerholder’s breach of a contract to...

NRS 162B.500 - Creditor claim: General power created by powerholder. - 1. Appointive property subject to a general power of appointment...

NRS 162B.510 - Certain property exempt from creditor claims. - 1. Appointive property subject to a general power of appointment...

NRS 162B.520 - Power to withdraw. - 1. For purposes of NRS 162B.500 to 162B.530, inclusive, and...

NRS 162B.530 - Creditor claim: Nongeneral power. - 1. Except as otherwise provided in subsections 2 and 3,...

NRS 162B.600 - Uniformity of application and construction. - In applying and construing this uniform act, consideration must be...

NRS 162B.610 - Relation to Electronic Signatures in Global and National Commerce Act. - This chapter modifies, limits or supersedes the Electronic Signatures in...

NRS 162B.620 - Application to existing relationships. - 1. Except as otherwise provided in this chapter: (a) This...

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Nevada Revised Statutes Chapter 162B - Powers of Appointment (Uniform Act)

Nevada Revised Statutes
Chapter 162B - Powers of Appointment (Uniform Act)