Consistent with Chapter 31B of the N.C. Gen. Stat.:

(1)        A power holder may disclaim all or part of a power of appointment.

(2)        A permissible appointee, appointee, or taker in default of appointment may disclaim all or part of an interest in appointive property. ?(2015-205, s. 3(a).)

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Terms Used In North Carolina General Statutes 31D-4-401