59-16.1-03. Power of appointment.
53 words·~1 min read·
/nd/title-59/chapter-59-16-1-trust-decanting/59-16-1-03·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An exercise of a power of appointment is not void if the exercise is:
1. More extensive than was authorized, but is valid to the extent authorized by the
instrument creating its power; or
2. Less extensive than authorized by the instrument creating the power, unless the donor
has manifested a contrary intention.