§ 32C-1-115. Exoneration of agent.
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/nc/chapter-32c/32c-1-115A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 32C-1-115. Exoneration of agent.
A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal's successors in interest except to the extent the provision relieves the agent of liability for breach of duty committed
(i)in bad faith or
(ii)with reckless indifference to the purposes of the power of attorney or the best interest of the principal. (2017-153, s. 1.)