{"data":{"id":"us-nc/n.c.-gen.-stat.-31d-3-302","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 31D-3-302","heading":"Intent to exercise; determining intent from residuary clause.","body":"A residuary clause that does not contain a blanket-exercisable clause or specific-exercise clause manifests the power holder's intent to exercise a power of appointment only if all of the following apply:\n(1)\tThe terms of the instrument containing the residuary clause (including any valid codicil or amendment to the instrument) do not manifest a contrary intent.\n(2)\tThe power is a general power exercisable in favor of the power holder's estate.\n(3)\tThere is no gift-in-default clause or the clause is ineffective.\n(4)\tThe power holder did not release the power. (2015-205, s. 3(a).)","path":["Chapter 31D. North Carolina Uniform Powers of Appointment Act.","Article 3. Exercise of Power of Appointment."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_31D/GS_31D-3-302.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:00:07Z","sha256":"ae29729b9bc89f4dcad1a81d4a1e04e758d0513dd47def3fab917cc846e4a8d4","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-31d-3-301","next":"us-nc/n.c.-gen.-stat.-31d-3-303"},"notice":"GroundRules: Original legal text. Not legal advice."}