§ 31D-3-313 - Appointment to taker in default.

NC Gen Stat § 31D-3-313 (2019) (N/A)
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31D-3-313. Appointment to taker in default.

If a power holder makes an appointment to a taker in default of appointment and the appointee would have taken the property under a gift-in-default clause had the property not been appointed, then the power of appointment is deemed not to have been exercised and the appointee takes under the clause.