§ 3516. Effective date; effect on existing powers of attorney
(a) A power of attorney shall be valid if it:
(1) complies with the terms of this subchapter; or
(2) is executed before July 1, 2002 and valid under common law or statute existing at the time of execution.
(b) If a power of attorney executed before July 1, 2002 was valid under common law or statute existing at the time of execution, any exercise of authority under the power of attorney, whether before or after July 1, 2002, shall be deemed valid if the exercise complies with common law or statute existing at the time of execution. (Added 2001, No. 135 (Adj. Sess.), § 2, eff. June 13, 2002; amended 2011, No. 144 (Adj. Sess.), § 4, eff. May 15, 2012.)
Structure Vermont Statutes
Title 14 - Decedents' Estates and Fiduciary Relations
Chapter 123 - Powers of Attorney
§ 3502. Creation of a power of attorney
§ 3506. No duty to exercise authority unless specifically provided
§ 3507. Termination; revocation
§ 3508. Durable powers of attorney; when power of attorney not affected by disability
§ 3509. Effect of subsequent involuntary guardianship on power of attorney
§ 3510. Action for accounting; declaratory relief; termination of power of attorney
§ 3511. Remedies for violation by agent
§ 3512. Other common law and statutory remedies still available
§ 3513. Presumption of validity
§ 3515. Provisions of statute implied; may not be waived; severable
§ 3516. Effective date; effect on existing powers of attorney