N.C. Gen. Stat. § 31D-4-403

Current through Session Law 2024-58

Section 31D-4-403 - Method of release

A power holder of a releasable power of appointment may release the power in whole or in part as follows:

(1) By substantial compliance with a method provided in the terms of the instrument creating the power.

(2) If the terms of the instrument creating the power do not provide a method or the method provided in the terms of the instrument is not expressly made exclusive, by an instrument manifesting the power holder's intent by clear and convincing evidence.

N.C. Gen. Stat. § 31D-4-403

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