North Carolina General Statutes 31D-4-405. Power to contract; presently exercisable power of appointment
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A power holder of a presently exercisable power of appointment may contract:
(1) Not to exercise the power.
(2) To exercise the power if the contract when made does not confer a benefit on an impermissible appointee. ?(2015-205, s. 3(a).)
Terms Used In North Carolina General Statutes 31D-4-405
- Contract: A legal written agreement that becomes binding when signed.