Nev. Rev. Stat. ch. 162B – Powers of Appointment (Uniform Act) | Midpage

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Nevada Revised Statutes

Chapter 162B

Nev. Rev. Stat. ch. 162B

Powers of Appointment (Uniform Act)

162B.005Short title 162B.010Definitions 162B.015“Appointee” defined 162B.020“Appointive property” defined 162B.025“Blanket-exercise clause” defined 162B.030“Donor” defined 162B.035“Exclusionary power of appointment” defined 162B.040“General power of appointment” defined 162B.045“Gift-in-default clause” defined 162B.050“Impermissible appointee” defined 162B.055“Instrument” defined 162B.060“Nongeneral power of appointment” defined 162B.065“Permissible appointee” defined 162B.070“Person” defined 162B.075“Power of appointment” defined 162B.080“Powerholder” defined 162B.085“Presently exercisable power of appointment” defined 162B.090“Specific-exercise clause” defined 162B.095“Taker in default of appointment” defined 162B.100“Terms of the instrument” defined 162B.105Governing law 162B.110Common law and principles of equity 162B.200Creation of power of appointment 162B.210Nontransferability 162B.220Presumption of unlimited authority 162B.230Exception to presumption of unlimited authority 162B.240Rules of classification 162B.250Power to revoke or amend 162B.300Requisites for exercise of power of appointment 162B.305Intent to exercise: Determining intent from residuary clause 162B.310Intent to exercise: After-acquired power 162B.315Substantial compliance with donor-imposed formal requirement 162B.320Permissible appointment 162B.325Appointment to deceased appointee or permissible appointee’s descendant 162B.330Impermissible appointment 162B.335Selective allocation doctrine 162B.340Capture doctrine: Disposition of ineffectively appointed property under general power 162B.345Disposition of unappointed property under released or unexercised general power 162B.350Disposition of unappointed property under released or unexercised nongeneral power 162B.355Disposition of unappointed property if partial appointment to taker in default 162B.360Appointment to taker in default 162B.365Powerholder’s authority to revoke or amend exercise; exceptions 162B.400Disclaimer 162B.410Authority to release 162B.420Method of release 162B.430Revocation or amendment of release 162B.440Power to contract: Presently exercisable power of appointment 162B.450Power to contract: Power of appointment not presently exercisable 162B.460Remedy for breach of contract to appoint or not to appoint 162B.500Creditor claim: General power created by powerholder 162B.510Certain property exempt from creditor claims 162B.520Power to withdraw 162B.530Creditor claim: Nongeneral power 162B.600Uniformity of application and construction 162B.610Relation to Electronic Signatures in Global and National Commerce Act 162B.620Application to existing relationships