Indiana Statutes
§ 30-5-4-2 — Time power becomes effective; incapacity of the principal
(a)Except as provided in subsection (b), a
power of attorney is effective on the date the power of attorney is
signed in accordance with section 1(a)(4) of this chapter.
(b)A power of attorney may:
(1)specify the date on which the power will become effective; or
(2)become effective upon the occurrence of an event.
(c)If a power of attorney becomes effective upon the principal's
incapacity and:
(1)the principal has not authorized a person to determine whether
the principal is incapacitated; or
(2)the person authorized is unable or unwilling to make the
determination;
the power of attorney becomes effective upon a determination that the
principal is incapacitated that is set forth in a writing or other record by
a physician, licensed psychologist, or judge.
(d)A person authorized by
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Related
§ 201
42 U.S.C. § 201
Legislative History
As added by P.L.149-1991, SEC.2. Amended by P.L.101-2008,
SEC.10; P.L.143-2009, SEC.27; P.L.185-2021, SEC.23.
Nearby Sections
15
§ 30-1-2-1
Stocks; bonds; securities§ 30-1-2-2
Securities not listed; terms§ 30-1-4-1
Eligible investments§ 30-1-5-1
Securities; insurance§ 30-1-6-3
Bidding; report; hearing; endorsement§ 30-1-6-5
Acts conclusive; disaffirmance denied§ 30-1-7-2
Petition to execute options; prospectus§ 30-1-7-3
Hearing; order of court§ 30-1-7-4
Binding and conclusive; disaffirmance§ 30-1-8-1
Definitions