The sole holder or all coholders of a power of revocation or a presently exercisable or testamentary general power of appointment, including one in the form of a power of amendment, shall represent and bind other persons to the extent that their interests, as takers in default, are subject to the power.
N.C. Gen. Stat. § 36C-3-302
Representation by holder of power of revocation or general power of appointment
2005-192, s. 2; 2009-222, s. 2; 2010-96, s. 8.
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.