30-4621. Disposition of unappointed property under released or unexercised nongeneral power.To the extent a powerholder releases, ineffectively exercises, or fails to exercise a nongeneral power of appointment:(1) the gift in default clause controls the disposition of the unappointed property; or(2) if there is no gift in default clause or to the extent the clause is ineffective, the unappointed property:(A) passes to the permissible appointees if:(i) the permissible appointees are defined and limited; and(ii) the terms of the instrument creating the power do not manifest a contrary intent; or(B) if there is no taker under subdivision (A) of this subdivision, passes under a reversionary interest to the donor or the donor's transferee or successor in interest.Source Laws 2021, LB501, § 44.
Nebraska Legal Code