Statute 162b 025

'Blanket-exercise clause' means a clause in an instrument which exercises a power of appointment and is not a specific-exercise clause. The term includes a clause that: 1. Expressly uses the words 'any power' in exercising any power of appointment the powerholder has; 2. Expressly uses the words 'any property' in appointing any property over which the powerholder has a power of appointment; or 3. Disposes of all property subject to disposition by the powerholder. (Added to NRS by 2017, 1373)