Appointment to deceased appointee or permissible appointee’s descendant.

NRS 162B.325 Appointment to deceased appointee or permissible appointee’s descendant. 1. Subject to NRS 133.200, an appointment to a deceased appointee is ineffective. 2. Unless the terms of the instrument creating a power of appointment manifest a contrary intent, a powerholder of a nongeneral power may exercise the power in favor of, or create a new power of appointment in, a descendant of a deceased permissible appointee whether or not the descendant is described by the donor as a permissible appointee. (Added to NRS by 2017, 1376)