N.C. Gen. Stat. § 31D-4-405

Current through Session Law 2024-58

Section 31D-4-405 - Power to contract; presently exercisable power of appointment

A power holder of a presently exercisable power of appointment may contract:

(1) Not to exercise the power.

(2) To exercise the power if the contract when made does not confer a benefit on an impermissible appointee.

N.C. Gen. Stat. § 31D-4-405

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