A powerholder of a presently exercisable power of appointment may contract: (1) not to exercise the power; or (2) to exercise the power if the contract when made does not confer a benefit on an impermissible appointee.
Neb. Rev. Stat. § 30-4629
Power to contract: Presently exercisable power of appointment
Laws 2021, LB501, § 52.
Official source: Nebraska Legislature. Reproduced from public-domain Nebraska statutes; confirm against the official source for the current text. Not legal advice.