Sec. 8. (a) A good faith purchaser from a person who has obtained an interest in property from an attorney in fact is not liable to the principal, the heirs or assigns of the principal, or the personal representative of the estate of the principal.
(b) A person accepting the authority of an attorney in fact to exercise a power granted under a power of attorney is not liable to the principal, the heirs and assigns of the principal, or the personal representative of the principal if:
(1) the person has no actual notice of the revocation of the power of attorney before the transaction;
(2) the person has no actual knowledge of the death of the principal; or
(3) the person has no actual knowledge that the duration of the power of attorney specified in the power of attorney, if a duration is specified, has not expired.
As added by P.L.149-1991, SEC.2.
Structure Indiana Code
Title 30. Trusts and Fiduciaries
30-5-9-1. Negligent Exercise of Power; Bad Faith
30-5-9-2. Attorney in Fact Benefiting From Act; Individual or Conflicting Interests
30-5-9-3. Amended or Terminated Power of Attorney
30-5-9-4. Errors of Judgment; Actions or Defaults of Other Persons
30-5-9-6. Successor Attorney in Fact Not Liable for Acts of Predecessor
30-5-9-7. Co-Attorneys in Fact
30-5-9-8. Good Faith Purchasers; Persons Accepting Authority of Attorney in Fact
30-5-9-9. Persons Refusing to Accept Authority of Attorney in Fact