Nebraska Statutes 30-4624. Powerholder’s authority to revoke or amend exercise
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A powerholder may revoke or amend an exercise of a power of appointment only to the extent that:
Terms Used In Nebraska Statutes 30-4624
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
(1) the powerholder reserves a power of revocation or amendment in the instrument exercising the power of appointment and, if the power is nongeneral, the terms of the instrument creating the power of appointment do not prohibit the reservation; or
(2) the terms of the instrument creating the power of appointment provide that the exercise is revocable or amendable.