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Code · North Carolina · Chapter 31D — North Carolina Uniform Powers of Appointment Act

§ 31D-4-403. Method of release.

88 words·~1 min read·/nc/chapter-31d/31d-4-403

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§ 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. (2015-205, s. 3(a).)
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