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2019 North Carolina General Statutes
Chapter 31D - North Carolina Uniform Powers of Appointment Act
Article 3 - Exercise of Power of Appointment.
§ 31D-3-313 - Appointment to taker in default.
Universal Citation: NC Gen Stat § 31D-3-313 (2019)
31D-3-313. Appointment to taker in default.
If a power holder makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift-in-default clause had the property not been appointed, then the power of appointment is deemed not to have been exercised and the appointee takes under the clause.
(2015-205, s. 3(a).)
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