§ 30.1-01-05 — (1-108) Acts by holder of general power

For the purpose of granting consent or approval with regard to the acts or accounts of a
personal representative or trustee, including relief from liability or penalty for failure to post
bond, to register a trust, or to perform other duties, and for purposes of consenting to
modification or termination of a trust or to deviation from its terms, the sole holder or all
coholders of a presently exercisable general power of appointment, including one in the form of
a power of amendment or revocation, are deemed to act for beneficiaries to the extent their
interests (as objects, takers in default, or otherwise) are subject to the power.