N.C. Gen. Stat. § 31D-3-314

Current through Session Law 2024-53

Section 31D-3-314 - Power holder's authority to revoke or amend exercise

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.

(2) The power holder reserves a power of revocation or amendment in the instrument exercising the power of appointment.

N.C. Gen. Stat. § 31D-3-314

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