ยง 5-1501A. Power of attorney not affected by incapacity. 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.
Structure New York Laws
Article 5 - Creation, Definition and Enforcement of Contractual Obligations
Title 15 - Statutory Short Form and Other Powers of Attorney for Financial and Estate Planning
5-1501 - Applications and Definitions.
5-1501A - Power of Attorney Not Affected by Incapacity.
5-1501B - Creation of a Valid Power of Attorney; When Effective.
5-1501C - Powers of Attorney Excluded From This Title.
5-1502A - Construction--Real Estate Transactions.
5-1502B - Construction--Chattel and Goods Transactions.
5-1502C - Construction--Bond, Share and Commodity Transactions.
5-1502D - Construction--Banking Transactions.
5-1502E - Construction--Business Operating Transactions.
5-1502F - Construction--Insurance Transactions.
5-1502G - Construction--Estate Transactions.
5-1502H - Construction--Claims and Litigation.
5-1502I - Construction--Personal and Family Maintenance.
5-1502J - Construction--Benefits From Governmental Programs or Civil or Military Service.
5-1502K - Construction--Matters Related to Health Care.
5-1502L - Construction--Retirement Benefit Transactions.
5-1502M - Construction--Tax Matters.
5-1502N - Construction--All Other Matters.
5-1503 - Modifications of the Statutory Short Form Power of Attorney.
5-1505 - Standard of Care; Fiduciary Duties; Compelling Disclosure of Record.
5-1508 - Co-Agents and Successor Agents.
5-1509 - Appointment of Monitor.
5-1511 - Termination or Revocation of Power of Attorney; Notice.
5-1512 - Powers of Attorney Executed in Other Jurisdictions.