NRS 162B.300: Requisites for exercise of power of appointment.

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.