2023 North Carolina General Statutes 31D-4-406. Power to contract; power of appointment not presently exercisable
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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).)