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2019 North Carolina General Statutes
Chapter 31D - North Carolina Uniform Powers of Appointment Act
Article 4 - Disclaimer or Release; Contract to Appoint or Not to Appoint.
§ 31D-4-405 - Power to contract; presently exercisable power of appointment.
Universal Citation: NC Gen Stat § 31D-4-405 (2019)
31D-4-405. Power to contract; presently exercisable power of appointment.
A power holder of a presently exercisable power of appointment may contract:
(1) Not to exercise the power.
(2) To exercise the power if the contract when made does not confer a benefit on an impermissible appointee.
(2015-205, s. 3(a).)
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