{"data":{"id":"us-nv/nrs-111.1031","jurisdiction":"us-nv","citation":"NRS 111.1031","heading":"Statutory rule against perpetuities.","body":"1. A nonvested property interest is invalid unless:\n(a) When the interest is created, it is certain to vest or terminate no later than 21 years after the death of a natural person then alive; or\n(b) The interest either vests or terminates within 365 years after its creation.\n2. A general power of appointment not presently exercisable because of a condition precedent is invalid unless:\n(a) When the power is created, the condition precedent is certain to be satisfied or become impossible to satisfy no later than 21 years after the death of a natural person then alive; or\n(b) The condition precedent either is satisfied or becomes impossible to satisfy within 365 years after its creation.\n3. A nongeneral power of appointment or a general testamentary power of appointment is invalid unless:\n(a) When the power is created, it is certain to be irrevocably exercised or otherwise to terminate no later than 21 years after the death of a natural person then alive; or\n(b) The power is irrevocably exercised or otherwise terminates within 365 years after its creation.\n4. In determining whether a nonvested property interest or a power of appointment is valid under paragraph (a) of subsection 1, paragraph (a) of subsection 2 or paragraph (a) of subsection 3, the possibility that a child will be born to a person after his or her death is disregarded.","path":["TITLE 10 — PROPERTY RIGHTS AND TRANSACTIONS","CHAPTER 111 - ESTATES IN PROPERTY; CONVEYANCING AND RECORDING","RULE AGAINST PERPETUITIES (UNIFORM ACT)"],"source_url":"https://www.leg.state.nv.us/NRS/NRS-111.html#NRS111Sec1031","current_through":"2025 session (NRS as revised 2026-08-25)","vintage":"","retrieved_at":"2026-09-03T05:51:31Z","sha256":"91597ddd4ab49ca24056ee0cd8af2a88e7b1c30515ae44f9ff9f8269216b176c","source_id":"us-nv","stale":true,"prev":"us-nv/nrs-111.103","next":"us-nv/nrs-111.1033"},"notice":"GroundRules: Original legal text. Not legal advice."}