Nevada § 162B.500 - Creditor claim: General power created by powerholder
Full text of Nevada Nevada Revised Statutes § 162B.500 — Creditor claim: General power created by powerholder, with citation guidance and answers to common questions.
§ 162B.500. Creditor claim: General power created by powerholder
1. Appointive property subject to a general power of appointment created by the powerholder
is subject to a claim of a creditor of the powerholder or of the powerholder's estate
to the extent provided in chapter 112 of NRS. 2. Subject to subsection 1, appointive property subject to a general power of appointment
created by the powerholder is not subject to a claim of a creditor of the powerholder
or the powerholder's estate to the extent the powerholder irrevocably appointed the
property in favor of a person other than the powerholder or the powerholder's estate. 3. Subject to subsections 1 and 2, and notwithstanding the presence of a spendthrift
provision or whether the claim arose before or after the creation of the power of
appointment, appointive property subject to a general power of appointment created
by the powerholder is subject to a claim of a creditor of: (a) The powerholder, to the same extent as if the powerholder owned the appointive
property, if the power is presently exercisable; and (b) The powerholder's estate, to the extent the estate is insufficient to satisfy
the claim and subject to the right of a decedent to direct the source from which liabilities
are paid, if the power is exercisable at the powerholder's death. 4. As used in this section, “ power of appointment created by the powerholder ” includes a power of appointment created in a transfer by another person to the extent
the powerholder contributed value to the transfer.
Source: official Nevada text · Last verified 2026-08-27
Frequently Asked Questions About Nevada § 162B.500
What does Nevada Revised Statutes § 162B.500 cover?
Section 162B.500 ("Creditor claim: General power created by powerholder") 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.500?
A common citation format is "Nevada Revised Statutes § 162B.500" (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.500 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.