North Carolina General Statutes 31D-3-308. Selective allocation doctrine
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Terms Used In North Carolina General Statutes 31D-3-308
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
If a power holder exercises a power of appointment in a disposition that also disposes of property the power holder owns, the owned property and the appointive property must be allocated in the permissible manner that best carries out the power holder’s intent. (2015-205, s. 3(a).)