North Carolina General Statutes 31D-3-307. Impermissible appointment
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Terms Used In North Carolina General Statutes 31D-3-307
- Fraud: Intentional deception resulting in injury to another.
(a) An exercise of a power of appointment in favor of an impermissible appointee is ineffective.
(b) An exercise of a power of appointment in favor of a permissible appointee is ineffective to the extent that the appointment is a fraud on the power. (2015-205, s. 3(a).)