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New York Consolidated Laws, General Obligations Law - GOB § 5-1503. Modifications of the statutory short form power of attorney

Current as of January 01, 2024 | Updated by FindLaw Staff

A power of attorney which satisfies the requirements of paragraphs (a), (b) and (c) of subdivision one of section 5-1501B and section 5-1513 of this title is not prevented from being a “statutory short form power of attorney”, by the fact that it also contains additional language at the section labeled “modifications” which:

1. Eliminates from the statutory short form power of attorney one or more of the powers enumerated in one or more of the constructional sections of this title with respect to a subdivision of the statutory short form power of attorney, affirmatively chosen by the principal; or

2. Supplements one or more of the powers enumerated in one or more of the constructional sections in this title with respect to a subdivision of the statutory short form power of attorney, affirmatively chosen by the principal, by specifically listing additional powers of the agent; or

3. Makes some additional provision which is not inconsistent with the other provisions of the statutory short form power of attorney, including a provision revoking one or more powers of attorney previously executed by the principal.

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Cite this article: FindLaw.com - New York Consolidated Laws, General Obligations Law - GOB § 5-1503. Modifications of the statutory short form power of attorney - last updated January 01, 2024 | https://codes.findlaw.com/ny/general-obligations-law/gob-sect-5-1503/

Read this complete New York Consolidated Laws, General Obligations Law - GOB § 5-1503. Modifications of the statutory short form power of attorney on Westlaw

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