§ 32A-12. Appointment, resignation, removal, and substitutions. - North Carolina Statutes

§32A‑12.  Appointment, resignation, removal, and substitutions.

(a)        A power of attorneyexecuted under this Article may contain any provisions, not unlawful, relatingto the appointment, resignation, removal and substitution of an attorney‑in‑fact,and to the rights, powers, duties and responsibilities of the attorney‑in‑fact.

(b)        If all attorneys‑in‑factnamed in the instrument or substituted shall die, or cease to exist, or shallbecome incapable of acting, and all methods for substitution provided in theinstrument have been exhausted, such power of attorney shall cease to beeffective. Any substitution by a person authorized to make it shall be inwriting signed and acknowledged by such person. Notice of every othersubstitution shall be in writing and acknowledged by the person substituted. Nosubstitution or notice subsequent to the principal's subsequent incapacity ormental incompetence shall be effective until it has been recorded in the officeof the register of deeds of the county in which the power of attorney has beenrecorded. (1983, c. 626, s. 1.)