30-4623. Appointment to taker in default.
51 words·~1 min read·
/ne/chapter-30/30-4623A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If a powerholder makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift in default clause had the property not been appointed, the power of appointment is deemed not to have been exercised and the appointee takes under the clause.