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Current as of January 01, 2023 | Updated by Findlaw Staff
A savings bank may continue to recognize the authority of an individual holding a power of attorney in writing to manage or to make withdrawals, either in whole or in part, from the deposit account of a customer or member until the savings bank receives written or actual notice of death or of adjudication of incompetency of the member or revocation of the authority of the individual holding the power of attorney. Payment by the savings bank to an individual holding a power of attorney before receipt of the notice is a total discharge of the savings bank's obligation as to the amount so paid.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 54C. Savings Banks § 54C-174. Authority of power of attorney - last updated January 01, 2023 | https://codes.findlaw.com/nc/chapter-54c-savings-banks/nc-gen-st-sect-54c-174/
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