Current through 82nd (2023) Legislative Session Chapter 535 and 34th (2023) Special Session Chapter 1 and 35th (2023) Special Session Chapter 1
Section 162B.325 - Appointment to deceased appointee or permissible appointee's descendant1. Subject to NRS 133.200, an appointment to a deceased appointee is ineffective.2. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee.Added to NRS by 2017, 1376Added to NRS by 2017, Ch. 262, § 35