ยง 5-1503. Modifications of the statutory short form power of attorney.
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.
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.