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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-4-406 - Power to contract; power of appointment not presently exercisable.
Universal Citation: NC Gen Stat § 31D-4-406 (2019)
31D-4-406. Power to contract; power of appointment not presently exercisable.
A power holder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the power holder both:
(1) Is also the donor of the power.
(2) Has reserved the power in a revocable trust.
(2015-205, s. 3(a).)
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