§ 30-5-9-8 — Good faith purchasers; persons accepting authority of attorney in fact

Indiana § 30-5-9-8

• Jurisdiction: Indiana
• Art. 5: POWERS OF ATTORNEY
• Ch. 9: Liabilities

Text

(a) A good faith purchaser from a person who
has obtained an interest in property from an attorney in fact is not liable
to the principal, the heirs or assigns of the principal, or the personal
representative of the estate of the principal.
(b) A person accepting the authority of an attorney in fact to
exercise a power granted under a power of attorney is not liable to the
principal, the heirs and assigns of the principal, or the personal
representative of the principal if:
(1) the person has no actual notice of the revocation of the power
of attorney before the transaction;
(2) the person has no actual knowledge of the death of the
principal; or
(3) the person has no actual knowledge that the duration of the
power of attorney specified in the power of attorney, if a duration
is specified, has not expired.

Legislative History

As added by P.L.149-1991, SEC.2.