New York Statutes
§ 5-1501A — Power of attorney not affected by incapacity
New York·Law GOB General Obligations·Title 15 Statutory Short Form and Other Powers of Attorney For Financial and Estate Planning·Art. 5 Creation, Definition and Enforcement of Contractual Obligations
§ 5-1501A. Power of attorney not affected by incapacity.
1.A power of\nattorney is durable unless it expressly provides that it is terminated\nby the incapacity of the principal.\n 2. The subsequent incapacity of a principal shall not revoke or\nterminate the authority of an agent who acts under a durable power of\nattorney. All acts done during any period of the principal's incapacity\nby an agent pursuant to a durable power of attorney shall have the same\neffect and inure to the benefit of and bind a principal and his or her\ndistributees, devisees, legatees and personal representatives as if such\nprincipal had capacity. If a guardian is thereafter appointed for such\nprincipal, such agent, during the continuance of the appointment, shall\naccount to the guardian rather than to suc
Free access — add to your briefcase to read the full text and ask questions with AI
New York § 5-1501A (Power of attorney not affected by incapacity) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Perosi v. LiGreci
98 A.D.3d 230 (Appellate Division of the Supreme Court of New York, 2012)
Nearby Sections
15
§ 5-1107
Written assignment§ 5-1109
Written irrevocable offer§ 5-1301
How interest calculated§ 5-1401
Choice of law§ 5-1402
Choice of forum§ 5-1501
Application and definitions