Nevada Revised Statutes 162B.105 – Governing law
Unless the terms of the instrument creating a power of appointment manifest a contrary intent:
Terms Used In Nevada Revised Statutes 162B.105
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Donor: The person who makes a gift.
1. The creation, revocation or amendment of the power is valid if permitted under any of:
(a) The governing law adopted by the instrument creating the power; or
(b) The law of the donor‘s domicile at the relevant time; and
2. The exercise, release or disclaimer of the power, or the revocation or amendment of the exercise, release or disclaimer of the power, is valid if permitted under any of:
(a) The governing law adopted by the instrument creating the power;
(b) The governing law adopted by the instrument exercising, releasing or disclaiming the power, or revoking or amending the exercise, release or disclaimer of the power; or
(c) The law of the powerholder’s domicile at the relevant time.