§ 1251x. Uniformity of application and construction
This chapter shall be applied and construed to effectuate its general purpose to make uniform the law with respect to the subject of this chapter among jurisdictions enacting it.
§ 1261. Short title
This chapter may be cited as the “Uniform Durable Power of Attorney Act”.
§ 1262. Definition
A durable power of attorney is a power of attorney by which a principal designates another his attorney in fact in writing and the writing contains the words “This power of attorney shall not be affected by subsequent disability or incapacity of the principal, or lapse of time” or “This power of attorney shall become […]
§ 1263. Durable power of attorney not affected by disability
All acts done by an attorney in fact pursuant to a durable power of attorney during any period of disability or incapacity of the principal shall have the same effect and inure to the benefit of and bind the principal and his successors in interest as if the principal were competent and not disabled.
§ 1264. Relation of attorney in fact to court-appointed fiduciary
(a) If, following execution of a durable power of attorney, a court of the principal’s domicile appoints a conservator, guardian of the estate, or other fiduciary charged with the management of all of the principal’s property or all of his property except specified exclusions, the attorney in fact shall be accountable to the fiduciary as […]
§ 1251s. Renunciation, resignation, death, or removal of custodian; designation of successor custodian
(a) A person nominated under section 1251d of this chapter or designated under section 1251j of this chapter as custodian may decline to serve by delivering a valid disclaimer to the person who made the nomination may nominate a substitute custodian under section 1251d of this chapter; otherwise the transferor or the transferor’s legal representative […]
§ 1251t. Accounting by and determination of liability of custodian
(a) A minor who has attained the age of 14 years, the minor’s guardian of the person or legal representative, an adult member of the minor’s family, a transferor, or a transferor’s legal representative may petition the court (1) for an accounting by the custodian or the custodian’s legal representative; or (2) for a determination […]
§ 1251u. Termination of custodianship
The custodian shall transfer in an appropriate manner the custodial property to the minor or to the minor’s estate upon the earlier of: (1) the minor’s attainment of 18 years of age with respect to custodial property transferred under section 1251d, 1251e, 1251f or 1251g; or (2) the minor’s death.
§ 1251v. Applicability
This chapter applies to a transfer within the scope of section 1251c made after its effective date if: (1) the transfer purports to have been made under title 16, chapter 61, Virgin Islands Code (the Virgin Islands Uniform Gifts to Minors Act); or (2) the instrument by which the transfer purports to have been made […]
§ 1251w. Effect on existing custodianship
(a) Any transfer of custodial property as now defined in this chapter made before the effective date of this chapter is validated notwithstanding that there was no specific authority in the Virgin Islands Uniform Gifts to Minors Act for the coverage of custodial property of that kind or for a transfer from that source at […]