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

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

60 words·~1 min read·/nc/chapter-31d/31d-4-406

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§ 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. (2015-205, s. 3(a).)
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