{"data":{"id":"us-nc/n.c.-gen.-stat.-54-109.62a","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 54-109.62A","heading":"Powers of attorney; notice of revocation; payment after notice.","body":"(a)\tAny credit union may continue to recognize any act of an attorney-in-fact or other agent until the credit union 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 credit union of the revocation. Payment by the credit union to or at the direction of an attorney-in-fact or other agent before receipt of the notice is a total discharge of the credit union's obligation as to the amount so paid.\n(b)\tNotwithstanding that a credit union has received written notice of revocation of the authority of an attorney-in-fact or other designated agent, a credit union 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. (2013-132, s. 3.)","path":["Chapter 54. Cooperative Organizations.","SUBCHAPTER III. CREDIT UNIONS.","Article 14F. Savings Accounts."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_54/GS_54-109.62A.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:05:32Z","sha256":"6b4a3f2e109a20b75d968cc3aa935018b064a663cbd27262b1eace240670d64d","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-54-109.62","next":"us-nc/n.c.-gen.-stat.-54-109.63"},"notice":"GroundRules: Original legal text. Not legal advice."}