Statute 162b 300

A power of appointment is exercised only: 1. If the instrument exercising the power is valid under applicable law; 2. If the terms of the instrument exercising the power: (a) Manifest the powerholder’s intent to exercise the power; and (b) Subject to NRS 162B.315, satisfy the requirements of exercise, if any, imposed by the donor; and 3. To the extent the appointment is a permissible exercise of the power. (Added to NRS by 2017, 1375)