Disposition of unappointed property under released or unexercised nongeneral power.

Nev. Rev. Stat. § 162B.350
in effect
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To the extent a powerholder releases, ineffectively exercises or fails to exercise a nongeneral power of appointment: 1. The gift-in-default clause controls the disposition of the unappointed property; or 2. If there is no gift-in-default clause or to the extent the clause is ineffective, the unappointed property: (a) Passes to the permissible appointees if: (1) The permissible appointees are defined and limited; and (2) The terms of the instrument creating the power do not manifest a contrary intent; or (b) If there is no taker under paragraph (a), passes under a reversionary interest to the donor or the donor’s transferee or successor in interest.
Source: NV Statutes (Official Site)URL: https://www.leg.state.nv.us/nrs/NRS-162B.htmlFetched: 10/4/2026

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