GroundRules
N.C. Gen. Stat. § 31D-4-406: Power to contract; power of appointment not presently exercisable.
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 power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the power holder both:
(1) Is also the donor of the power.
(2) Has reserved the power in a revocable trust. (2015-205, s. 3(a).)
Collected 2026-08-27T18:00:07Z. Source file · JSON