Indiana § 30-5-2-7 "Power of attorney"

Indiana Statutes

§ 30-5-2-7 — "Power of attorney"

Indiana·Art. 5 POWERS OF ATTORNEY·Ch. 2 Definitions

"Power of attorney" means a writing or other record that grants authority to an attorney in fact or agent to act in place of a principal, whether the term "power of attorney" is used. The term refers to all types of powers of attorney, including durable powers of attorney, except for the following:

(1)A power to the extent it is coupled with an interest in the subject of the power, including a power given to or for the benefit of a credit in connection with a credit transaction.

(2)A proxy or other delegation to exercise voting rights or management rights with respect to an entity.

(3)A power created on a form prescribed by a government or governmental subdivision, agency, or instrumentality for a governmental purpose.

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"Power of attorney" means a writing or other
record that grants authority to an attorney in fact or agent to act in place
of a principal, whether the term "power of attorney" is used. The term
refers to all types of powers of attorney, including durable powers of
attorney, except for the following:
(1) A power to the extent it is coupled with an interest in the
subject of the power, including a power given to or for the benefit
of a credit in connection with a credit transaction.
(2) A proxy or other delegation to exercise voting rights or
management rights with respect to an entity.
(3) A power created on a form prescribed by a government or
governmental subdivision, agency, or instrumentality for a
governmental purpose.

Indiana § 30-5-2-7 ("Power of attorney") — published by Counsel Stack Legal Research, free access to 12M+ legal documents.