{"data":{"id":"us-ne/neb.-rev.-stat.-76-2003","jurisdiction":"us-ne","citation":"Neb. Rev. Stat. § 76-2003","heading":"When nonvested property interest or power of appointment created.","body":"(a) Except as provided in subsections (b) and (c) of this section and subsection (a) of section 76-2006, the time of creation of a nonvested property interest or a power of appointment is determined under general principles of property law.\n(b) For purposes of the Uniform Statutory Rule Against Perpetuities Act, if there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of (i) a nonvested property interest or (ii) a property interest subject to a power of appointment described in subsection (a) or (b) of section 76-2002, the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.\n(c) For purposes of the act, a nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created.","path":["Chapter 76 - REAL PROPERTY"],"source_url":"https://nebraskalegislature.gov/laws/statutes.php?statute=76-2003","current_through":"Laws 2026","vintage":"","retrieved_at":"2026-09-17T21:01:11Z","sha256":"e2b145fbf239b93660cf6e81895fe3f4d8d60e6f58c7dd1fced2978d02738b16","source_id":"us-ne","stale":true,"prev":"us-ne/neb.-rev.-stat.-76-2002","next":"us-ne/neb.-rev.-stat.-76-2004"},"notice":"GroundRules: Original legal text. Not legal advice."}