18-C §5-918. Agent’s resignation; notice
§5-918. 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: [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 1. Conservator, guardian, coagent, successor […]
18-C §5-919. Acceptance of and reliance upon acknowledged power of attorney
§5-919. Acceptance of and reliance upon acknowledged power of attorney 1. Acknowledged. For purposes of this section and section 5-920, “acknowledged” means purportedly verified before a notary public or other individual authorized to take acknowledgments. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] 2. Signature not […]
18-C §5-920. Liability for refusal to accept acknowledged power of attorney
§5-920. Liability for refusal to accept acknowledged power of attorney 1. Request within 7 days; accept within 5 days of receipt. Except as otherwise provided in subsection 2: A. A person shall either accept an acknowledged power of attorney or request a certification, a translation or an opinion of counsel under section 5-919, subsection […]
18-C §5-921. Principles of law and equity
§5-921. Principles of law and equity Unless displaced by a provision of this Part, the principles of law and equity supplement this Part. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] SECTION HISTORY PL 2017, c. 402, Pt. A, §2 (NEW). PL 2017, c. 402, Pt. […]
18-C §5-922. Laws applicable to financial institutions and entities
§5-922. Laws applicable to financial institutions and entities This Part does not supersede any other law applicable to financial institutions or other entities, and the other law controls if inconsistent with this Part. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] SECTION HISTORY PL 2017, c. […]
18-C §5-923. Remedies under other law
§5-923. Remedies under other law The remedies under this Part are not exclusive and do not abrogate any right or remedy under the law of this State other than this Part. [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] SECTION HISTORY PL 2017, c. 402, Pt. […]
18-C §5-931. Authority that requires specific grant; grant of general authority
§5-931. Authority that requires specific grant; grant of general authority 1. Specific grant of authority required. An agent under a power of attorney may do the following on behalf of the principal or with the principal’s property only if the power of attorney expressly grants the agent the authority and exercise of the authority is […]
18-C §5-909. When power of attorney effective
§5-909. When power of attorney effective 1. Effective when executed unless otherwise provided. A power of attorney is effective when executed unless the principal provides in the power of attorney that it becomes effective at a future date or upon the occurrence of a future event or contingency. [PL 2017, c. 402, Pt. A, […]
18-C §5-932. Incorporation of authority
§5-932. Incorporation of authority 1. Reference to subject. An agent has authority described in this subpart if the power of attorney refers to general authority with respect to the descriptive term for the subjects stated in sections 5‑934 to 5‑947 or cites the section in which the authority is described. [PL 2017, c. 402, […]
18-C §5-910. Termination of power of attorney or agent’s authority
§5-910. Termination of power of attorney or agent’s authority 1. Termination of power of attorney. A power of attorney terminates when: A. The principal dies; [PL 2017, c. 402, Pt. A, §2 (NEW); PL 2019, c. 417, Pt. B, §14 (AFF).] B. The principal becomes incapacitated, if the power of attorney is not […]