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Current as of January 01, 2024 | Updated by FindLaw Staff
1. A power of attorney is durable unless it expressly provides that it is terminated by the incapacity of the principal.
2. The subsequent incapacity of a principal shall not revoke or terminate the authority of an agent who acts under a durable power of attorney. All acts done during any period of the principal's incapacity by an agent pursuant to a durable power of attorney shall have the same effect and inure to the benefit of and bind a principal and his or her distributees, devisees, legatees and personal representatives as if such principal had capacity. If a guardian is thereafter appointed for such principal, such agent, during the continuance of the appointment, shall account to the guardian rather than to such principal.
Cite this article: FindLaw.com - New York Consolidated Laws, General Obligations Law - GOB § 5-1501A. Power of attorney not affected by incapacity - last updated January 01, 2024 | https://codes.findlaw.com/ny/general-obligations-law/gob-sect-5-1501a/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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