N.C. Gen. Stat. § 31D-2-203
Presumption of unlimited authority
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
Subject to the provisions of G.S. 31D-2-205, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is all of the following:
Subject to the provisions of G.S. 31D-2-205, and unless the terms of the instrument creating a power of appointment manifest a contrary intent, the power is all of the following:
(1) Presently exercisable.
(1) Presently exercisable.
(2) Exclusionary.
(2) Exclusionary.
(3) Except as otherwise provided in G.S. 31D-2-204, general.
(3) Except as otherwise provided in G.S. 31D-2-204, general.
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.