There is a newer version
of
this Section
2019 North Carolina General Statutes
Chapter 31D - North Carolina Uniform Powers of Appointment Act
Article 5 - Rights of Power Holder's Creditors in Appointive Property.
§ 31D-5-505 - Requisites of release as against creditors and purchasers for value.
Universal Citation: NC Gen Stat § 31D-5-505 (2019)
31D-5-505. Requisites of release as against creditors and purchasers for value.
No release of a power of appointment after March 8, 1943, which is made by the owner of the legal title to real property in this State shall be valid as against creditors and purchasers for a valuable consideration until an instrument in writing setting forth the release is executed and acknowledged in the manner required for a deed and recorded in the county where the real property is.
(1943, c. 665, s. 3; 2017-102, s. 13(b); 2017-212, s. 8.4(a).)
Disclaimer: These codes may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
