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Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 162B.025. “Blanket-exercise clause” defined

Current as of January 01, 2025 | Updated by Findlaw Staff

“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.

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Cite this article: FindLaw.com - Nevada Revised Statutes Title 13. Guardianships; Conservatorships; Trusts § 162B.025. “Blanket-exercise clause” defined - last updated January 01, 2025 | https://codes.findlaw.com/nv/title-13-guardianships-conservatorships-trusts/nv-rev-st-162b-025/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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