N.C. Gen. Stat. § 31D-3-314
Power holder's authority to revoke or amend exercise
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
If the terms of an instrument creating a power of appointment do not prohibit the power holder from revoking or amending an exercise of the power, a power holder may revoke or amend the exercise of a power only if one of the following apply:
If the terms of an instrument creating a power of appointment do not prohibit the power holder from revoking or amending an exercise of the power, a power holder may revoke or amend the exercise of a power only if one of the following apply:
(1) The instrument creating the exercise of the power of appointment may be revoked or amended.
(1) The instrument creating the exercise of the power of appointment may be revoked or amended.
(2) The power holder reserves a power of revocation or amendment in the instrument exercising the power of appointment.
(2) The power holder reserves a power of revocation or amendment in the instrument exercising the power of appointment.
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.