{"data":{"id":"us-nc/n.c.-gen.-stat.-41-16","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 41-16","heading":"When nonvested property interest or power of appointment created.","body":"(a)\tExcept as provided in subsections (b) and (c) of this section and in G.S. 41-19(a), the time for creation of a nonvested property interest or a power of appointment is determined under general principles of property law.\n(b)\tFor purposes of this Article, if there is a person who alone can exercise a power created by a governing instrument to become the unqualified beneficial owner of (i) a nonvested property interest or (ii) a property interest subject to a power of appointment described in G.S. 41-15(b) or (c), the nonvested property interest or power of appointment is created when the power to become the unqualified beneficial owner terminates.\n(c)\tFor purposes of this Article, a nonvested property interest or a power of appointment arising from a transfer of property to a previously funded trust or other existing property arrangement is created when the nonvested property interest or power of appointment in the original contribution was created. (1995, c. 190, s. 1.)","path":["Chapter 41. Estates","Article 2. Uniform Statutory Rule Against Perpetuities."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_41/GS_41-16.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:02:22Z","sha256":"2414b1e6a150957c5da7b18b1a9c6f36731e1f3fd99556d5fb0d3f1da4359fef","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-41-15","next":"us-nc/n.c.-gen.-stat.-41-17"},"notice":"GroundRules: Original legal text. Not legal advice."}