North Carolina General Statutes 93A-47. Timeshare proxies
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Terms Used In North Carolina General Statutes 93A-47
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
No proxy, power of attorney or similar device given by the owner of a timeshare regarding voting in a timeshare owners’ association shall exceed one year in duration, but the same may be renewed from year to year. (1983, c. 814, s. 1; 2021-163, s. 1(c); 2021-192, s. 5(a).)