Nevada § 162B.350 - Disposition of unappointed property under released or unexercised nongeneral power
Full text of Nevada Nevada Revised Statutes § 162B.350 — Disposition of unappointed property under released or unexercised nongeneral power, with citation guidance and answers to common questions.
§ 162B.350. Disposition of unappointed property under released or unexercised nongeneral power
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: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 162B.350
What does Nevada Revised Statutes § 162B.350 cover?
Section 162B.350 ("Disposition of unappointed property under released or unexercised nongeneral power") 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 § 162B.350?
A common citation format is "Nevada Revised Statutes § 162B.350" (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 § 162B.350 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.