§ 5-1503 — Modifications of the statutory short form power of attorney

New York § 5-1503

• Jurisdiction: 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

Text

§ 5-1503. Modifications of the statutory short form power of attorney.\nA power of attorney which satisfies the requirements of paragraphs (a),\n(b) and (c) of subdivision one of section 5-1501B and section 5-1513 of\nthis title is not prevented from being a "statutory short form power of\nattorney", by the fact that it also contains additional language at the\nsection labeled "modifications" which:\n 1. Eliminates from the statutory short form power of attorney one or\nmore of the powers enumerated in one or more of the constructional\nsections of this title with respect to a subdivision of the statutory\nshort form power of attorney, affirmatively chosen by the principal; or\n 2. Supplements one or more of the powers enumerated in one or more of\nthe constructional sections in this title with respect to a subdivision\nof the statutory short form power of attorney, affirmatively chosen by\nthe principal, by specifically listing additional powers of the agent;\nor\n 3. Makes some additional provision which is not inconsistent with the\nother provisions of the statutory short form power of attorney,\nincluding a provision revoking one or more powers of attorney previously\nexecuted by the principal.\n