§ 28-68-118. Agent’s resignation — Notice
Unless the power of attorney provides a different method for an agent’s resignation, an agent may resign by giving notice to the principal and, if the principal is incapacitated: (1) to the conservator or guardian, if one has been appointed for the principal, and a coagent or successor agent; or (2) if there is no […]
§ 28-68-119. Acceptance of and reliance upon acknowledged power of attorney
(a) For purposes of this section and § 28-68-120, “acknowledged” means purportedly verified before a notary public or other individual authorized to take acknowledgements. (b) A person that in good faith accepts an acknowledged power of attorney without actual knowledge that the signature is not genuine may rely upon the presumption under § 28-68-105 that […]
§ 28-68-120. Liability for refusal to accept acknowledged statutory form power of attorney
(a) In this section, “statutory form power of attorney” means a power of attorney substantially in the form provided in § 28-68-301 or that meets the requirements for a military power of attorney pursuant to 10 U.S.C. Section 1044b, as it existed on January 1, 2011. (b) Except as otherwise provided in subsection (c): (1) […]
§ 28-68-121. Principles of law and equity
Unless displaced by a provision of this chapter, the principles of law and equity supplement this chapter.
§ 28-68-122. Laws applicable to financial institutions and entities
This chapter does not supersede any other law applicable to financial institutions or other entities, and the other law controls if inconsistent with this chapter.
§ 28-68-123. Remedies under other law
The remedies under this chapter are not exclusive and do not abrogate any right or remedy under the law of this state other than this chapter.
§ 28-68-110. Termination of power of attorney or agent’s authority
(a) A power of attorney terminates when: (1) the principal dies; (2) the principal becomes incapacitated, if the power of attorney is not durable; (3) the principal revokes the power of attorney; (4) the power of attorney provides that it terminates; (5) the purpose of the power of attorney is accomplished; or (6) the principal […]
§ 28-68-111. Coagents and successor agents
(a) A principal may designate two or more persons to act as coagents. Unless the power of attorney otherwise provides, each coagent may exercise its authority independently. (b) A principal may designate one or more successor agents to act if an agent resigns, dies, becomes incapacitated, is not qualified to serve, or declines to serve. […]
§ 28-68-112. Reimbursement and compensation of agent
Unless the power of attorney otherwise provides, an agent is entitled to reimbursement of expenses reasonably incurred on behalf of the principal and to compensation that is reasonable under the circumstances.
§ 28-68-113. Agent’s acceptance
Except as otherwise provided in the power of attorney, a person accepts appointment as an agent under a power of attorney by exercising authority or performing duties as an agent or by any other assertion or conduct indicating acceptance.