North Carolina General Statutes 31D-3-312. Disposition of unappointed property if partial appointment to taker in default
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Terms Used In North Carolina General Statutes 31D-3-312
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the power holder makes a valid partial appointment to a taker in default of appointment, then the taker in default of appointment may share fully in unappointed property. (2015-205, s. 3(a).)