§ 31D-3-313. Appointment to taker in default.
61 words·~1 min read·
/nc/chapter-31d/31d-3-313A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 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. (2015-205, s. 3(a).)