{"data":{"id":"us-nc/n.c.-gen.-stat.-31d-3-303","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 31D-3-303","heading":"Intent to exercise after-acquired power.","body":"Unless the terms of an instrument exercising a power of appointment manifest a contrary intent:\n(1)\tIf the power holder is not also the donor of the power, a blanket-exercise clause in the instrument extends to a power acquired by the power holder after executing the instrument containing the clause.\n(2)\tIf the power holder is also the donor of the power, the blanket-exercise clause extends to the power acquired by the power holder after executing the instrument only if there is no gift-in-default clause or the gift-in-default clause is ineffective. The blanket-exercise clause does not extend to the power if there is a gift-in-default clause that is effective. (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-3-303.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:00:07Z","sha256":"e27810e1b06340f461d7326cf14de30b5d989cdf9460a54f765da60675fa7805","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-31d-3-302","next":"us-nc/n.c.-gen.-stat.-31d-3-304"},"notice":"GroundRules: Original legal text. Not legal advice."}