Nevada § 111.1033 - When nonvested property interest or power of appointment created
Full text of Nevada Nevada Revised Statutes § 111.1033 — When nonvested property interest or power of appointment created, with citation guidance and answers to common questions.
§ 111.1033. When nonvested property interest or power of appointment created
1. Except as provided in subsections 2 and 3 and in subsection 1 of NRS 111.1039 , the time of creation of a nonvested property interest or a power of appointment
is determined under general principles of property law. 2. For purposes of NRS 111.103 to 111.1039 , inclusive, if there is a person who alone can exercise a power created by a governing
instrument to become the unqualified beneficial owner of: (a) A nonvested property interest; or (b) A property interest subject to a power of appointment described in subsection
2 or 3 of NRS 111.1031 , the nonvested property interest or power of appointment is created when the power
to become the unqualified beneficial owner terminates. For purposes of NRS 111.103 to 111.1039 , inclusive, a joint power with respect to community property held by persons married
to each other is a power exercisable by one person alone. 3. For purposes of NRS 111.103 to 111.1039 , inclusive, a nonvested property interest or a power of appointment arising from
a transfer of property to a previously funded trust or other existing property arrangement
is created when the nonvested property interest or power of appointment in the original
contribution was created.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 111.1033
What does Nevada Revised Statutes § 111.1033 cover?
Section 111.1033 ("When nonvested property interest or power of appointment created") is part of the Nevada Revised Statutes, the codified statutory law of Nevada. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Nevada § 111.1033?
A common citation format is "Nevada Revised Statutes § 111.1033" (Nevada). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Nevada law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Nevada official source linked on this page or consult a licensed Nevada attorney.
How does Nevada § 111.1033 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Nevada can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Nevada.