Section 1-350j. – Coagents and successor agents.
(a) A principal may designate two or more persons to act as coagents. Unless the power of attorney otherwise provides by use of the word “severally” in the power of attorney that each agent acting alone is able to exercise the power conferred, each coagent shall exercise its authority jointly. A person that in good […]
Section 1-350k. – 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. (P.A. 15-240, S. 12; P.A. 16-40, S. 9.) History: P.A. 15-240 effective July 1, 2016; P.A. 16-40 changed effective date of P.A. 15-240, S. […]
Section 1-350l. – Agent's acceptance.
Once a power of attorney is delivered, unless the power of attorney otherwise provides, 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. (P.A. 15-240, S. 13; P.A. 16-40, S. 9.) History: P.A. 15-240 […]
Section 1-350m. – Agent's duties.
(a) Notwithstanding provisions in the power of attorney, an agent that has accepted appointment shall: (1) Act in accordance with the principal's reasonable expectations, and, if such expectations are unknown, make reasonable efforts to ascertain the principal's expectations and act, otherwise, in the principal's best interest; (2) Act in good faith; and (3) Act only […]
Section 1-350n. – 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: (1) Relieves the agent of liability for breach of duty committed dishonestly, with an improper motive or with reckless indifference to the […]
Section 1-350o. – Judicial relief.
(a) The following persons may petition a court in accordance with subsection (d) of section 45a-175 to construe a power of attorney or review the agent's conduct, and grant appropriate relief: (1) The principal or the agent; (2) A guardian, conservator or other fiduciary acting for the principal; (3) A person authorized to make health […]
Section 1-350p. – Agent's liability.
An agent that violates sections 1-350 to 1-353b, inclusive, is liable to the principal or the principal's successors in interest for the amount required to: (1) Restore the value of the principal's property to what it would have been had the violation not occurred; and (2) Reimburse the principal or the principal's successors in interest […]
Section 1-350q. – 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 of the estate, the conservator of the person and guardian, if one has been appointed for the principal, and a coagent or […]
Section 1-350r. – Acceptance of and reliance upon acknowledged power of attorney.
(a) For purposes of this section and section 1-350s, “acknowledged” means purportedly verified before a notary public, a commissioner of the Superior Court or other individual authorized to take acknowledgments. (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 […]
Section 1-350s. – Liability for refusal to accept acknowledged power of attorney.
(a) Except as provided in subsection (b) of this section: (1) A person shall either accept an acknowledged power of attorney or request a certification, a translation, or an opinion of counsel under subsection (d) of section 1-350r not later than seven business days after presentation of the power of attorney for acceptance; (2) If […]