Disposition of unappointed property if partial appointment to taker in default.

1. Law
2. North Carolina General Statutes
3. North Carolina Uniform Powers of Appointment Act
4. Exercise of Power of Appointment.
5. Disposition of unappointed property if partial appointment to taker in default.

31D-3-312. Disposition of unappointed property if partial appointment to taker in default.

Unless the terms of the instrument creating or exercising a power of appointment manifest a contrary intent, if the power holder makes a valid partial appointment to a taker in default of appointment, then the taker in default of appointment may share fully in unappointed property.

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