North Carolina § 31D-5-505 - Requisites of release as against creditors and purchasers for value.
Full text of North Carolina North Carolina General Statutes § 31D-5-505 — Requisites of release as against creditors and purchasers for value., with citation guidance and answers to common questions.
§ 31D-5-505. Requisites of release as against creditors and purchasers for value.
No release of a power of appointment after March 8, 1943, which is made by the owner of the legal title to real property in this State shall be valid as against creditors and purchasers for a valuable consideration until an instrument in writing setting forth the release is executed and acknowledged in the manner required for a deed and recorded in the county where the real property is. History (1943, c. 665, s. 3; 2017-102, s. 13(b); 2017-212, s. 8.4(a).) NORTH CAROLINA COMMENT This section, not a part of the Uniform Power of Appointment Act, was added to bring forward the provisions of former G.S. 39-35 , regarding the requisites of a release of a power of appointment over real property, in order to consolidate the statutes relating to powers of appointment in this Chapter. Editor's Note. - This section was formerly codified as G.S. 39-35 . It was recodified as G.S. 31D-5-505 by Session Laws 2017-102, s. 13(b), effective July 12, 2017. Session Laws 2017-102, s. 34(b), provides: "The Revisor of Statutes shall cause to be printed all explanatory comments of the drafters of Sections 12 and 13(b) and 13(c) of this act, as the Revisor may deem appropriate." Session Laws 2017-212, s. 8.4(b), provides: "The Revisor of Statutes shall cause to be printed all explanatory comments of the drafters of this section, as the Revisor may deem appropriate." Effect of Amendments. - Session Laws 2017-212, s. 8.4(a), effective October 8, 2017, deleted "or limitation" following "release" in the section heading and twice in the section text.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 31D-5-505
What does North Carolina General Statutes § 31D-5-505 cover?
Section 31D-5-505 ("Requisites of release as against creditors and purchasers for value.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 31D-5-505?
A common citation format is "North Carolina General Statutes § 31D-5-505" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 31D-5-505 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.