New York § 5-1509 Appointment of monitor

New York Statutes

§ 5-1509 — Appointment of monitor

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

  § 5-1509. Appointment of monitor. A principal may appoint a monitor or\nmonitors in the power of attorney who shall have the authority to\nrequest, receive and compel the agent to provide a record of all\nreceipts, disbursements and transactions entered into by the agent on\nbehalf of the principal, to request and receive such records held by\nthird parties, and to request and receive a copy of the power of\nattorney. Nothing in this title shall be construed to impose a fiduciary\nduty on the monitor.\n

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§ 5-1509. Appointment of monitor. A principal may appoint a monitor or\nmonitors in the power of attorney who shall have the authority to\nrequest, receive and compel the agent to provide a record of all\nreceipts, disbursements and transactions entered into by the agent on\nbehalf of the principal, to request and receive such records held by\nthird parties, and to request and receive a copy of the power of\nattorney. Nothing in this title shall be construed to impose a fiduciary\nduty on the monitor.\n

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