2008 Minnesota Code
Chapters 520 - 523 Fiduciaries; Powers of Attorney
Chapter 523 Powers of Attorney
Section 523.07 Durable Power of Attorney

523.07 DURABLE POWER OF ATTORNEY.

A power of attorney is durable if it contains language such as "This power of attorney shall not be affected by incapacity or incompetence of the principal" or "This power of attorney shall become effective upon the incapacity or incompetence of the principal," or similar words showing the intent of the principal that the authority conferred is exercisable notwithstanding the principal's later incapacity or incompetence.

History:

1984 c 603 s 9; 1986 c 444; 1992 c 548 s 9

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