(a) Except as otherwise provided in section 30-4616, an exercise of a power of appointment in favor of an impermissible appointee is ineffective.

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Terms Used In Nebraska Statutes 30-4617

  • Fraud: Intentional deception resulting in injury to another.

(b) 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.