Section 31D-2-205 - Rules of classification(a) In this section, the term "adverse party" means a person with a substantial beneficial interest in property who would be affected adversely by a power holder's exercise or nonexercise of a power of appointment in favor of the power holder, the power holder's estate, a creditor of the power holder, or a creditor of the power holder's estate.(b) If a power holder may exercise a power of appointment only with the consent or joinder of an adverse party, the power is nongeneral.(c) If the permissible appointees of a power of appointment are not defined and limited, the power is exclusionary.N.C. Gen. Stat. § 31D-2-205
Added by 2015 N.C. Sess. Laws 205,s. 3-a, eff. 8/11/2015.