2006 Louisiana Laws - RS 9:5682 — Power of attorney; action to set aside under certain conditions

§5682.  Power of attorney; action to set aside under certain conditions

Any action to set aside a document or instrument, which contains a statement that a power of attorney is attached thereto, on the ground that the party executing the document or instrument under authority of the power of attorney was without authority to do so, or that the power of attorney was not valid, is prescribed by ten years, beginning from the date on which the document or instrument is recorded in the conveyance records, or the mortgage records if appropriate, even though the power of attorney is not actually attached to the recorded document or instrument.  Nothing contained in this Section shall be construed to limit or prescribe any action or proceeding which may arise between a principal and the person acting under authority of a power of attorney.  The prescription established herein shall not become final and complete as to any document or instrument executed prior to the effective date of this Act until one year from such effective date.

Added by Acts 1982, No. 481, §1.