{"data":{"id":"us-nc/n.c.-gen.-stat.-31d-5-503","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 31D-5-503","heading":"Power to withdraw.","body":"(a)\tFor 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.\n(b)\tThe 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).)","path":["Chapter 31D. North Carolina Uniform Powers of Appointment Act.","Article 5. Rights of Power Holder's Creditors in Appointive Property."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_31D/GS_31D-5-503.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:00:07Z","sha256":"268827fd5dfe1320b44cf924448c60f9150c98b522b923bfbc288a492eeeab12","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-31d-5-502","next":"us-nc/n.c.-gen.-stat.-31d-5-504"},"notice":"GroundRules: Original legal text. Not legal advice."}