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).)
Structure North Carolina General Statutes
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-5-501 - Creditor claim; general power created by power holder.
§ 31D-5-502 - Creditor claim; general power not created by power holder.
§ 31D-5-503 - Power to withdraw.
§ 31D-5-504 - Creditor claim; nongeneral power.
§ 31D-5-505 - Requisites of release as against creditors and purchasers for value.