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Form a Business

Power to contract; power of appointment not presently exercisable.

G.S. 31D-4-406
in effect
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§ 31D-4-406.  Power to contract; power of appointment not presently exercisable. A power holder of a power of appointment that is not presently exercisable may contract to exercise or not to exercise the power only if the power holder both: (1) Is also the donor of the power. (2) Has reserved the power in a revocable trust. (2015-205, s. 3(a).)
Source: North Carolina General Assembly (ncleg.gov)URL: https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_31D/GS_31D-4-406.htmlFetched: 10/19/2026

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