Nevada Revised Statutes 162B.330 – Impermissible appointment
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1. Except as otherwise provided in NRS 162B.325, an exercise of a power of appointment in favor of an impermissible appointee is ineffective.
Terms Used In Nevada Revised Statutes 162B.330
- Fraud: Intentional deception resulting in injury to another.
2. An exercise of a power of appointment in favor of a permissible appointee is ineffective to the extent the appointment is a fraud on the power.