§ 60-299.3. Donees - Exercising power of appointment.

A donee may exercise a power of appointment only by an instrument executed with sufficient formalities to pass title to the property covered by the power.  When a power of appointment is exercisable only by will, a donee may not exercise it by deed.  When a power of appointment is exercisable by deed, a donee may exercise it by will.

Laws 1977, c. 210, § 3.