§ 31D‑3‑310.  Disposition of unappointed property under released or unexercised general power.
(a)	To the extent that a power holder releases a general power of appointment other than a power to withdraw property from, revoke, or amend a trust, the gift‑in‑default clause controls the disposition of the unappointed property. If there is no gift‑in‑default clause or to the extent that the clause is ineffective, the unappointed property passes under a reversionary interest to the donor or the donor's transferee or successor in interest.
(b)	To the extent a power holder fails to exercise a general power of appointment other than a power to withdraw property from, revoke, or amend a trust, the gift‑in‑default clause controls the disposition of the unappointed property. If there is no gift‑in‑default clause or to the extent the clause is ineffective, the unappointed property passes as follows:
(1)	To the power holder if the power holder is a permissible appointee and living.
(2)	If the power holder is an impermissible appointee or deceased, to the power holder's estate if the estate is a permissible appointee.
(3)	If the power holder is an impermissible appointee or deceased and if the estate is not a permissible appointee, under a reversionary interest to the donor or the donor's transferee or successor in interest.  (2015‑205, s. 3(a).)