Subject to section 30-4609 , and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is: (1) presently exercisable; (2) exclusionary; and (3) except as otherwise provided in section 30-4609 , general.
Neb. Rev. Stat. § 30-4607
Presumption of unlimited authority
Laws 2021, LB501, § 30.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.