2019 North Carolina General Statutes
Chapter 31D - North Carolina Uniform Powers of Appointment Act
Article 1 - General Provisions and Definitions.
§ 31D-1-103 - Governing law.
31D-1-103. Governing law.
(a) The creation, revocation, or amendment of the power of appointment is governed by either of the following:
(1) The law of the jurisdiction designated in the terms of the instrument creating the power.
(2) If no jurisdiction's law is designated in the terms of the instrument creating the power or if the jurisdiction's law so designated is contrary to a strong public policy of the law of the jurisdiction of the donor's domicile at the relevant time, then the law of the jurisdiction of the donor's domicile at the relevant time.
(b) The exercise, release, or disclaimer of the power, or the revocation or amendment of the exercise, release, or disclaimer of the power, is governed by either of the following:
(1) The law of the jurisdiction designated in the terms of the instrument creating the power.
(2) If no jurisdiction's law is designated in the terms of the instrument creating the power or if the jurisdiction's law so designated is contrary to a strong public policy of the law of the jurisdiction of the power holder's domicile at the relevant time, then the law of the jurisdiction of the power holder's domicile at the relevant time.
(2015-205, s. 3(a).)
