Power to contract; presently exercisable power of appointment.

  1. Law
  2. North Carolina General Statutes
  3. North Carolina Uniform Powers of Appointment Act
  4. Disclaimer or Release; Contract to Appoint or Not to Appoint.
  5. Power to contract; presently exercisable power of appointment.

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31D-4-405. Power to contract; presently exercisable power of appointment.

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.



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