2020 New York Laws
GOB - General Obligations
Article 5 - Creation, Definition and Enforcement of Contractual Obligations
Title 15 - Statutory Short Form and Other Powers of Attorney for Financial and Estate Planning
5-1510 - Special Proceedings.

Universal Citation:
NY Gen Oblig L § 5-1510 (2020)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
§ 5-1510.  Special  proceedings.  1.  If  the agent has failed to make
available a copy of the  power  of  attorney  and/or  a  record  of  all
receipts,  disbursements,  and transactions entered into by the agent on
behalf of a principal to a person who may request such  record  pursuant
to  subparagraph  three  of  paragraph (a) of subdivision two of section
5-1505 of this title, that person may commence a special  proceeding  to
compel  the  agent  to  produce a copy of the power of attorney and such
record.
  2. A special proceeding may be commenced pursuant to this section  for
any of the following additional purposes:

(a) to determine whether the power of attorney is valid;

(b) to determine whether the principal had capacity at the time the power of attorney was executed;

(c) to determine whether the power of attorney was procured through duress, fraud or undue influence;

(d) to determine whether the agent is entitled to receive compensation or whether the compensation received by the agent is reasonable for the responsibilities performed;

(e) to approve the record of all receipts, disbursements and transactions entered into by the agent on behalf of the principal;

(f) to remove the agent upon the grounds that the agent has violated, or is unfit, unable, or unwilling to perform, the fiduciary duties under the power of attorney;

(g) to determine how multiple agents must act; * (h) to construe any provision of a power of attorney; * NB Effective until June 13, 2021 * (h) to construe any provision of a power of attorney; or * NB Effective June 13, 2021 * (i) to compel acceptance of the power of attorney in which event the relief to be granted is limited to an order compelling acceptance. * NB Effective until June 13, 2021 * (i) to compel acceptance of the power of attorney. * NB Effective June 13, 2021 A special proceeding may also be commenced by an agent who wishes to obtain court approval of his or her resignation. 3. A special proceeding may be commenced pursuant to subdivision two of this section by any person identified in subparagraph three of paragraph (a) of subdivision two of section 5-1505 of this title, the agent, the spouse, child or parent of the principal, the principal's successor in interest, or any third party who may be required to accept a power of attorney. 4. If a power of attorney is suspended or revoked under this section, or the agent is removed by the court, the court may require the agent to provide a record of all receipts, disbursements and transactions entered into by the agent on behalf of the principal and to deliver any property belonging to the principal and copies of records concerning the principal's property and affairs to a successor agent, a government entity or the principal's legal representative.

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