A power of appointment is exercised only:
1. If the instrument exercising the power is valid under applicable law;
2. If the terms of the instrument exercising the power:
(a) Manifest the powerholder’s intent to exercise the power; and
(b) Subject to NRS 162B.315, satisfy the requirements of exercise, if any, imposed by the donor; and
3. To the extent the appointment is a permissible exercise of the power.
(Added to NRS by 2017, 1375)
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