GroundRules
N.C. Gen. Stat. § 31D-2-205: Rules of classification.
Where this section sits in the code
- Chapter 31D. North Carolina Uniform Powers of Appointment Act.
- Article 2. Creation, Revocation, and Amendment of Power of Appointment.
(a) In this section, the term "adverse party" means a person with a substantial beneficial interest in property who would be affected adversely by a power holder's exercise or nonexercise of a power of appointment in favor of the power holder, the power holder's estate, a creditor of the power holder, or a creditor of the power holder's estate.
(b) If a power holder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.
(c) If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary. (2015-205, s. 3(a).)
Collected 2026-08-27T18:00:07Z. Source file · JSON