N.C. Gen. Stat. § 31D-4-406

Current through Session Law 2024-58

Section 31D-4-406 - Power to contract; power of appointment not presently exercisable

A power holder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the power holder both:

(1) Is also the donor of the power.

(2) Has reserved the power in a revocable trust.

N.C. Gen. Stat. § 31D-4-406

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