N.C. Gen. Stat. § 31D-2-203

Current through Session Law 2024-53

Section 31D-2-203 - Presumption of unlimited authority

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.

(2) Exclusionary.

(3) Except as otherwise provided in G.S. 31D-2-204, general.

N.C. Gen. Stat. § 31D-2-203

Added by 2015 N.C. Sess. Laws 205,s. 3-a, eff. 8/11/2015.