N.C. Gen. Stat. § 31D-5-505
Requisites of release as against creditors and purchasers for value
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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.
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.
History
(1943, c. 665, s. 3; 2017-102, s. 13(b); 2017-212, s. 8.4(a).)
NORTH CAROLINA COMMENT
This section, not a part of the Uniform Power of Appointment Act, was added to bring forward the provisions of former G.S. 39-35, regarding the requisites of a release of a power of appointment over real property, in order to consolidate the statutes relating to powers of appointment in this Chapter.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.