GroundRules
N.C. Gen. Stat. § 31D-5-503: Power to withdraw.
Where this section sits in the code
- Chapter 31D. North Carolina Uniform Powers of Appointment Act.
- Article 5. Rights of Power Holder's Creditors in Appointive Property.
(a) For purposes of this Article, a power to withdraw property from a trust is treated as a presently exercisable general power of appointment to the extent of the property subject to the power to withdraw.
(b) The lapse, release, or waiver of a power to withdraw property from a trust shall not be deemed to be an exercise of the power. (2015-205, s. 3(a).)
Collected 2026-08-27T18:00:07Z. Source file · JSON