§60-299.3. Donees - Exercising power of appointment.
66 words·~1 min read·
/ok/title-60-property/60-299-3A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A donee may exercise a power of appointment only by an instrument executed with sufficient formalities to pass title to the property covered by the power. When a power of appointment is exercisable only by will, a donee may not exercise it by deed. When a power of appointment is exercisable by deed, a donee may exercise it by will. Laws 1977, c. 210, § 3.