N.C. Gen. Stat. § 31D-3-313

Current through Session Law 2024-53
Section 31D-3-313 - Appointment to taker in default

If a power holder makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift-in-default clause had the property not been appointed, then the power of appointment is deemed not to have been exercised and the appointee takes under the clause.

N.C. Gen. Stat. § 31D-3-313

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