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Code · Nebraska · Chapter 30 — Decedents' Estates; Protection of Persons and Property

30-4629. Power to contract: Presently exercisable power of appointment.

37 words·~1 min read·/ne/chapter-30/30-4629

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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.
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