Indiana Statutes
§ 30-5-9-1 — Negligent exercise of power; bad faith
(a)An attorney in fact is liable for the negligent
exercise of the power of attorney, except for the exercise of the attorney
in fact's power under IC 30-5-5-16 or IC 30-5-5-17.
(b)An attorney in fact is liable for the exercise of authority or
failure to exercise authority under IC 30-5-5-16 or IC 30-5-5-17 only
if the attorney in fact acted in bad faith.
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Indiana § 30-5-9-1 (Negligent exercise of power; bad faith) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
As added by P.L.149-1991, SEC.2. Amended by P.L.1-2006,
SEC.495.
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