31D-2-202. Nontransferability.
A power holder may not transfer a power of appointment. If a power holder dies without exercising or releasing a power, the power lapses. (2015-205, s. 3(a).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 31D - North Carolina Uniform Powers of Appointment Act
Article 2 - Creation, Revocation, and Amendment of Power of Appointment.
§ 31D-2-201 - Creation of power of appointment.
§ 31D-2-202 - Nontransferability.
§ 31D-2-203 - Presumption of unlimited authority.
§ 31D-2-204 - Exception to presumption of unlimited authority.