Relating to the power of attorney

ARTICLE 1 - GENERAL PROVISIONS AND DEFINITIONS

"Uniform Power of Attorney Act"; defining certain terms; specifying scope, exceptions and exclusions of the power of attorney; providing for the power of attorney as durable, exception for incapacity of principal; providing for execution, validity and interpretation of power of attorney; authorizing a principal to nominate a conservator or guardian for consideration by the court under certain conditions and providing for relation of agent to court appointed fiduciary; providing when power of attorney is effective; providing termination of power of attorney; authorizing a principal to designate coagents and successor agents under certain conditions; entitling agents to reimbursement and compensation of expenses; specifying certain duties of agents; providing for exoneration of agents; authorizing a court to construe a power of attorney under certain conditions, providing for judicial review under certain conditions, providing for appropriate relief; specifying agents liability for violations; specifying certain agent resignation and notice requirements; providing for protection of person dealing with agent; specifying liability for persons refusing to accept agents authority; requiring principles of law and equity to supplement the act; specifying remedies under other law

ARTICLE 2 - POWERS

Specifying certain agent powers upon granting power of attorney authority, specifying certain powers requiring express authorization; authorizing agents to incorporate certain powers; providing for construction of powers generally; specifying certain agent powers relating to real property, tangible personal property, stocks and bonds, commodities and options, banking and other financial transactions, operation of an entity or business, insurance and annuities, estates, trusts and other beneficial interests, claims and litigation, personal and family maintenance, benefits from governmental programs or civil or military service, retirement plans, taxes, and gifts

ARTICLE 3 - STATUTORY FORM POWER OF ATTORNEY

Providing an optional form to be used to create a power of attorney

ARTICLE 4 - MISCELLANOUS PROVISIONS

Providing for relation to the electronic signatures in global and national commerce act and providing the effect on existing powers of attorney; repealing current power of attorney provisions
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