32C-1-112. Reimbursement and compensation of agent.
(a) If the terms of the power of attorney specify the amount or the way the compensation is to be determined, the agent is entitled to the compensation as specified.
(b) If the terms of the power of attorney do not specify the amount or the way the compensation is to be determined, and the principal thereafter becomes incapacitated, then subsequent to the principal's incapacity the agent is entitled to receive reasonable compensation as determined by the clerk of superior court in accordance with G.S. 32-59.
(c) Unless the power of attorney otherwise provides, an agent is entitled upon request to the clerk of superior court pursuant to G.S. 32-59 to be reimbursed for expenses properly incurred on behalf of the principal. (2017-153, s. 1; 2018-142, s. 29.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 32C - North Carolina Uniform Power of Attorney Act
Article 1 - Definitions and General Provisions.
§ 32C-1-104 - Power of attorney; durability.
§ 32C-1-105 - Execution of power of attorney.
§ 32C-1-106 - Validity of power of attorney.
§ 32C-1-107 - Meaning and effect of power of attorney.
§ 32C-1-108 - Nomination of guardian; relation of agent to court-appointed fiduciary.
§ 32C-1-109 - When power of attorney effective.
§ 32C-1-110 - Termination of power of attorney.
§ 32C-1-111 - Coagents and successor agents.
§ 32C-1-112 - Reimbursement and compensation of agent.
§ 32C-1-113 - Agent's acceptance.
§ 32C-1-115 - Exoneration of agent.
§ 32C-1-116 - Judicial relief.
§ 32C-1-117 - Agent's liability.
§ 32C-1-118 - Agent's resignation; notice.
§ 32C-1-119 - Acceptance of and reliance upon power of attorney.
§ 32C-1-120 - Liability for refusal to accept acknowledged power of attorney.
§ 32C-1-121 - Principles of law and equity.
§ 32C-1-122 - Laws applicable to financial institutions and other entities.