“Blanket-exercise clause” defined.

NRS 162B.025 “Blanket-exercise clause” defined. “Blanket-exercise clause” means a clause in an instrument which exercises a power of appointment and is not a specific-exercise clause. The term includes a clause that: 1. Expressly uses the words “any power” in exercising any power of appointment the powerholder has; 2. Expressly uses the words “any property” in appointing any property over which the powerholder has a power of appointment; or 3. Disposes of all property subject to disposition by the powerholder. (Added to NRS by 2017, 1373)