N.C. Gen. Stat. § 31D-1-103
Governing law
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
(1) The creation, revocation, or amendment of the power of appointment is governed by either of the following: The law of the jurisdiction designated in the terms of the instrument creating the power.
(1) The creation, revocation, or amendment of the power of appointment is governed by either of the following: The law of the jurisdiction designated in the terms of the instrument creating the power.
(2) If no jurisdiction's law is designated in the terms of the instrument creating the power or if the jurisdiction's law so designated is contrary to a strong public policy of the law of the jurisdiction of the donor's domicile at the relevant time, then the law of the jurisdiction of the donor's domicile at the relevant time.
(2) If no jurisdiction’s law is designated in the terms of the instrument creating the power or if the jurisdiction’s law so designated is contrary to a strong public policy of the law of the jurisdiction of the donor’s domicile at the relevant time, then the law of the jurisdiction of the donor’s domicile at the relevant time.
(3) The exercise, release, or disclaimer of the power, or the revocation or amendment of the exercise, release, or disclaimer of the power, is governed by either of the following: The law of the jurisdiction designated in the terms of the instrument creating the power.
(3) The exercise, release, or disclaimer of the power, or the revocation or amendment of the exercise, release, or disclaimer of the power, is governed by either of the following: The law of the jurisdiction designated in the terms of the instrument creating the power.
(4) If no jurisdiction's law is designated in the terms of the instrument creating the power or if the jurisdiction's law so designated is contrary to a strong public policy of the law of the jurisdiction of the power holder's domicile at the relevant time, then the law of the jurisdiction of the power holder's domicile at the relevant time.
(4) If no jurisdiction’s law is designated in the terms of the instrument creating the power or if the jurisdiction’s law so designated is contrary to a strong public policy of the law of the jurisdiction of the power holder’s domicile at the relevant time, then the law of the jurisdiction of the power holder’s domicile at the relevant time.
History
(2015-205, s. 3(a).)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.