A. In a power of attorney, a principal may nominate a conservator or guardian of the principal's estate or guardian of the principal's person for consideration by the court if protective proceedings for the principal's estate or person are begun after the principal executes the power of attorney.
B. If, after a principal executes a power of attorney, a court appoints a conservator or guardian of the principal's estate or other fiduciary charged with the management of some or all of the principal's property, the agent is accountable to the fiduciary as well as to the principal. The power of attorney is not terminated and the agent's authority continues unless limited, suspended, or terminated by the court.
2010, cc. 455, 632, § 26-79; 2012, c. 614.
Structure Code of Virginia
Title 64.2 - Wills, Trusts, and Fiduciaries
Chapter 16 - Uniform Power of Attorney Act
§ 64.2-1602. Power of attorney is durable
§ 64.2-1603. Execution of power of attorney
§ 64.2-1604. Validity of power of attorney
§ 64.2-1605. Meaning and effect of power of attorney
§ 64.2-1606. Nomination of conservator or guardian; relation of agent to court-appointed fiduciary
§ 64.2-1607. When power of attorney effective
§ 64.2-1608. Termination of power of attorney or agent's authority
§ 64.2-1609. Coagents and successor agents
§ 64.2-1610. Reimbursement and compensation of agent
§ 64.2-1611. Agent's acceptance
§ 64.2-1613. Exoneration of agent
§ 64.2-1615. Agent's liability
§ 64.2-1616. Agent's resignation; notice
§ 64.2-1617. Acceptance of and reliance upon acknowledged power of attorney
§ 64.2-1618. Liability for refusal to accept acknowledged power of attorney
§ 64.2-1619. Principles of law and equity
§ 64.2-1620. Laws applicable to financial institutions and entities
§ 64.2-1621. Remedies under other law
§ 64.2-1622. Authority that requires specific grant; grant of general authority
§ 64.2-1623. Incorporation of authority
§ 64.2-1624. Construction of authority generally
§ 64.2-1626. Tangible personal property
§ 64.2-1628. Commodities and options
§ 64.2-1629. Banks and other financial institutions
§ 64.2-1630. Operation of entity or business
§ 64.2-1631. Insurance and annuities
§ 64.2-1632. Estates, trusts, and other beneficial interests
§ 64.2-1633. Claims and litigation
§ 64.2-1634. Personal and family maintenance
§ 64.2-1635. Benefits from governmental programs or civil or military service
§ 64.2-1639. Agent's certification
§ 64.2-1640. Uniformity of application and construction
§ 64.2-1641. Relation to Electronic Signatures in Global and National Commerce Act