GroundRules
N.C. Gen. Stat. § 31D-4-405: Power to contract; presently exercisable power of appointment.
Where this section sits in the code
- Chapter 31D. North Carolina Uniform Powers of Appointment Act.
- Article 4. Disclaimer or Release; Contract to Appoint or Not to Appoint.
A power holder of a presently exercisable power of appointment may contract:
(1) Not to exercise the power.
(2) To exercise the power if the contract when made does not confer a benefit on an impermissible appointee. (2015-205, s. 3(a).)
Collected 2026-08-27T18:00:07Z. Source file · JSON