There is a newer version
of
this Section
2019 North Carolina General Statutes
Chapter 31D - North Carolina Uniform Powers of Appointment Act
Article 3 - Exercise of Power of Appointment.
§ 31D-3-314 - Power holder's authority to revoke or amend exercise.
Universal Citation: NC Gen Stat § 31D-3-314 (2019)
31D-3-314. Power holder's authority to revoke or amend exercise.
If the terms of an instrument creating a power of appointment do not prohibit the power holder from revoking or amending an exercise of the power, a power holder may revoke or amend the exercise of a power only if one of the following apply:
(1) The instrument creating the exercise of the power of appointment may be revoked or amended.
(2) The power holder reserves a power of revocation or amendment in the instrument exercising the power of appointment.
(2015-205, s. 3(a).)
Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
