NRS165.126. “Broad power of appointment” defined.

Latest version.

“Broad power of appointment” means a power of appointment held by a person, commonly referred to as a power holder, that can be exercised in favor of:

      1. The power holder, without any restriction or limitation; or

      2. Any person other than one or more of the following:

      (a) The power holder;

      (b) The power holder’s estate;

      (c) The power holder’s creditors; or

      (d) The creditors of the power holder’s estate.

(Added to NRS by 2011, 1471)

                    
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