§ 31D-1-101 – Short title.
31D-1-101. Short title. This Chapter may be cited as the North Carolina Uniform Powers of Appointment Act. (2015-205, s. 3(a).)
§ 31D-1-102 – Definitions.
31D-1-102. Definitions. The following definitions apply in this Chapter: (1) "Appointee" means a person to whom a power holder makes an appointment of appointive property. (2) "Appointive property" means the property or property interest subject to a power of appointment. (3) "Blanket-exercise clause" means a clause in an instrument which exercises a power of appointment […]
§ 31D-1-103 – Governing law.
31D-1-103. Governing law. (a) The creation, revocation, or amendment of the power of appointment is governed by either of the following: (1) The law of the jurisdiction designated in the terms of the instrument creating the power. (2) If no jurisdiction’s law is designated in the terms of the instrument creating the power or if […]
§ 31D-1-104 – Common law and principles of equity.
31D-1-104. Common law and principles of equity. The common law and principles of equity supplement this Chapter, except to the extent modified by this Chapter or another statute of this State. (2015-205, s. 3(a).)