North Carolina General Statutes 31D-3-313. Appointment to taker in default
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Terms Used In North Carolina General Statutes 31D-3-313
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
If a power holder makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift-in-default clause had the property not been appointed, then the power of appointment is deemed not to have been exercised and the appointee takes under the clause. (2015-205, s. 3(a).)