{"data":{"id":"us-nc/n.c.-gen.-stat.-53c-6-11","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 53C-6-11","heading":"Powers of attorney; notice of revocation; payment after notice.","body":"(a)\tAny bank may continue to recognize any act of an attorney-in-fact or other agent until the bank receives actual notice of the principal's death or a written notice of revocation signed by the principal who granted the authority or, in the case of a company, evidence satisfactory to the bank of the revocation. Payment by the bank to or at the direction of an attorney-in-fact or other agent before receipt of the notice is a total discharge of the bank's obligation as to the amount so paid.\n(b)\tNotwithstanding that a bank has received written notice of revocation of the authority of an attorney-in-fact or other designated agent, a bank may, until 10 days after receipt of notice, pay any item made, drawn, accepted, or endorsed by the attorney-in-fact or agent prior to the revocation, provided that the item is otherwise properly payable. (2012-56, s. 4.)","path":["Chapter 53C. Regulation of Banks.","Article 6. Bank Operations."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_53C/GS_53C-6-11.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:27Z","sha256":"ed821554e5cc2201e8da891e20f01962403591c97564f108010daeb5987103fc","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-53c-6-10","next":"us-nc/n.c.-gen.-stat.-53c-6-12"},"notice":"GroundRules: Original legal text. Not legal advice."}