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2019 North Carolina General Statutes
Chapter 31D - North Carolina Uniform Powers of Appointment Act
Article 5 - Rights of Power Holder's Creditors in Appointive Property.
§ 31D-5-503 - Power to withdraw.
Universal Citation: NC Gen Stat § 31D-5-503 (2019)
31D-5-503. Power to withdraw.
(a) For purposes of this Article, a power to withdraw property from a trust is treated as a presently exercisable general power of appointment to the extent of the property subject to the power to withdraw.
(b) The lapse, release, or waiver of a power to withdraw property from a trust shall not be deemed to be an exercise of the power.
(2015-205, s. 3(a).)
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