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.
NRS 162B.440
Power to contract: Presently exercisable power of appointment
Known as the Uniform Powers of Appointment Act
The act spans §§ 162–162 (56 sections).
(Added to NRS by 2017, 1378)
Official source: Nevada Legislature. Reproduced from public-domain Nevada statutes; confirm against the official source for the current text. Not legal advice.