A North Carolina limited power of attorney form allows an individual (the “principal”) to authorize a third party (the “attorney-in-fact”) to act as their representative in a specific capacity. The document will lay out the powers that the attorney-in-fact will be granted, and the manner in which they’ll be revoked. In the majority of cases, the arrangement will terminate once its purpose has been fulfilled. A limited power of attorney can be used to assign an attorney-in-fact to represent the principal in making investments, managing business affairs, transferring funds, executing legal documents, and carrying out any other financial or legal task..
Signing requirements (§ 32C-1-105) – Notary Public