Requisites for exercise of power of appointment
Known as the Uniform Powers of Appointment Act
The act spans §§ 162–162 (56 sections).
Applied in 1 court decision — leading case 141 Nev. Adv. Op. No. 72 - BERNSTEIN v. MORRIS (CIVIL) (2025)
Most recently applied in 141 Nev. Adv. Op. No. 72 - BERNSTEIN v. MORRIS (CIVIL) (December 2025)
(Added to NRS by 2017, 1375)
A power of appointment is exercised only:
1. If the instrument exercising the power is valid under applicable law;
2. If the terms of the instrument exercising the power:
(a) Manifest the powerholder’s intent to exercise the power; and
(b) Subject to NRS 162B.315, satisfy the requirements of exercise, if any, imposed by the donor; and
3. To the extent the appointment is a permissible exercise of the power.
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.