“Taker in default of appointment” means a person that takes all or part of the appointive property to the extent the powerholder does not effectively exercise the power of appointment.
NRS 162B.095
“Taker in default of appointment” defined
Known as the Uniform Powers of Appointment Act
The act spans §§ 162–162 (56 sections).
(Added to NRS by 2017, 1373)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.