Uniform Power of Attorney Act; created. (SB855)
Introduced By
Sen. John Edwards (D-Roanoke) with support from co-patron Sen. Mark Obenshain (R-Harrisonburg)
Progress
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Introduced |
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Passed Committee |
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Passed House |
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Passed Senate |
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Signed by Governor |
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Became Law |
Description
Uniform Power of Attorney Act (UPOAA). Establishes in the Code of Virginia the Uniform Act that was adopted by the National Conference of Commissioners on Uniform State Laws in 2006. The Act consists of default rules that can be modified if the principal desires. Powers of attorney will be durable unless drafted to expire upon a specified date or event. The UPPOA addresses creation and use, good faith reliance, limitations of agent's powers, refusal to recognize, judicial review, notification of resignation, and other matters. The Act contains an optional statutory form. Amends § 37.2-1009 (“Court order of appointment; limited guardianships and conservatorships.”), § 37.2-1020 (“Duties and powers of guardian.”), § 37.2-1023 (“Management powers and duties of conservator.”), § 55-34.7 (“General duties of custodial trustee.”), § 55-544.01 (“Methods of creating trust.”), § 55-544.02 (“Requirements for creation.”), § 55-546.02 (“Revocation or amendment of revocable trust.”), of the Code of Virginia. View Full Text »
