Nevada Revised Statutes 162B.095 – ‘Taker in default of appointment’ defined
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‘Taker in default of appointment’ means a person that takes all or part of the appointive property to the extent the powerholder does not effectively exercise the power of appointment.
Terms Used In Nevada Revised Statutes 162B.095
- person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039