4300. A third person shall accord an attorney-in-fact acting
pursuant to the provisions of a power of attorney the same rights and
privileges that would be accorded the principal if the principal
were personally present and seeking to act. However, a third person
is not required to honor the attorney-in-fact's authority or conduct
business with the attorney-in-fact if the principal cannot require
the third person to act or conduct business in the same
circumstances.
4301. A third person may rely on, contract with, and deal with an
attorney-in-fact with respect to the subjects and purposes
encompassed or expressed in the power of attorney without regard to
whether the power of attorney expressly authorizes the specific act,
transaction, or decision by the attorney-in-fact.
4302. When requested to engage in transactions with an
attorney-in-fact, a third person, before incurring any duty to comply
with the power of attorney, may require the attorney-in-fact to
provide identification, specimens of the signatures of the principal
and the attorney-in-fact, and any other information reasonably
necessary or appropriate to identify the principal and the
attorney-in-fact and to facilitate the actions of the third person in
transacting business with the attorney-in-fact. A third person may
require an attorney-in-fact to provide the current and permanent
residence addresses of the principal before agreeing to engage in a
transaction with the attorney-in-fact.
4303. (a) A third person who acts in good faith reliance on a power
of attorney is not liable to the principal or to any other person
for so acting if all of the following requirements are satisfied:
(1) The power of attorney is presented to the third person by the
attorney-in-fact designated in the power of attorney.
(2) The power of attorney appears on its face to be valid.
(3) The power of attorney includes a notary public's certificate
of acknowledgment or is signed by two witnesses.
(b) Nothing in this section is intended to create an implication
that a third person is liable for acting in reliance on a power of
attorney under circumstances where the requirements of subdivision
(a) are not satisfied. Nothing in this section affects any immunity
that may otherwise exist apart from this section.
4304. (a) The death of a principal who has executed a power of
attorney, whether durable or nondurable, does not revoke or terminate
the agency as to the attorney-in-fact or a third person who, without
actual knowledge of the principal's death, acts in good faith under
the power of attorney. Any action so taken, unless otherwise invalid
or unenforceable, binds the principal's successors in interest.
(b) The incapacity of a principal who has previously executed a
nondurable power of attorney does not revoke or terminate the agency
as to the attorney-in-fact or a third person who, without actual
knowledge of the incapacity of the principal, acts in good faith
under the power of attorney. Any action so taken, unless otherwise
invalid or unenforceable, binds the principal and the principal's
successors in interest.
4305. (a) As to acts undertaken in good faith reliance thereon, an
affidavit executed by the attorney-in-fact under a power of attorney,
whether durable or nondurable, stating that, at the time of the
exercise of the power, the attorney-in-fact did not have actual
knowledge of the termination of the power of attorney or the
attorney-in-fact's authority by revocation or of the principal's
death or incapacity is conclusive proof of the nonrevocation or
nontermination of the power at that time. If the exercise of the
power of attorney requires execution and delivery of any instrument
that is recordable, the affidavit when authenticated for record is
likewise recordable.
(b) This section does not affect any provision in a power of
attorney for its termination by expiration of time or occurrence of
an event other than express revocation or a change in the principal's
capacity.
4306. (a) If an attorney-in-fact furnishes an affidavit pursuant to
Section 4305, whether voluntarily or on demand, a third person
dealing with the attorney-in-fact who refuses to accept the exercise
of the attorney-in-fact's authority referred to in the affidavit is
liable for attorney's fees incurred in an action or proceeding
necessary to confirm the attorney-in-fact's qualifications or
authority, unless the court determines that the third person believed
in good faith that the attorney-in-fact was not qualified or was
attempting to exceed or improperly exercise the attorney-in-fact's
authority.
(b) The failure of a third person to demand an affidavit pursuant
to Section 4305 does not affect the protection provided the third
person by this chapter, and no inference as to whether a third person
has acted in good faith may be drawn from the failure to demand an
affidavit from the attorney-in-fact.
4307. (a) A copy of a power of attorney certified under this
section has the same force and effect as the original power of
attorney.
(b) A copy of a power of attorney may be certified by any of the
following:
(1) An attorney authorized to practice law in this state.
(2) A notary public in this state.
(3) An official of a state or of a political subdivision who is
authorized to make certifications.
(c) The certification shall state that the certifying person has
examined the original power of attorney and the copy and that the
copy is a true and correct copy of the original power of attorney.
(d) Nothing in this section is intended to create an implication
that a third person may be liable for acting in good faith reliance
on a copy of a power of attorney that has not been certified under
this section.
4308. (a) A third person who conducts activities through employees
is not charged under this chapter with actual knowledge of any fact
relating to a power of attorney, nor of a change in the authority of
an attorney-in-fact, unless both of the following requirements are
satisfied:
(1) The information is received at a home office or a place where
there is an employee with responsibility to act on the information.
(2) The employee has a reasonable time in which to act on the
information using the procedure and facilities that are available to
the third person in the regular course of its operations.
(b) Knowledge of an employee in one branch or office of an entity
that conducts business through branches or multiple offices is not
attributable to an employee in another branch or office.
4309. Nothing in this chapter requires a third person to engage in
any transaction with an attorney-in-fact if the attorney-in-fact has
previously breached any agreement with the third person.
4310. Without limiting the generality of Section 4300, nothing in
this chapter requires a financial institution to open a deposit
account for a principal at the request of an attorney-in-fact if the
principal is not currently a depositor of the financial institution
or to make a loan to the attorney-in-fact on the principal's behalf
if the principal is not currently a borrower of the financial
institution.
4300. A third person shall accord an attorney-in-fact acting
pursuant to the provisions of a power of attorney the same rights and
privileges that would be accorded the principal if the principal
were personally present and seeking to act. However, a third person
is not required to honor the attorney-in-fact's authority or conduct
business with the attorney-in-fact if the principal cannot require
the third person to act or conduct business in the same
circumstances.
4301. A third person may rely on, contract with, and deal with an
attorney-in-fact with respect to the subjects and purposes
encompassed or expressed in the power of attorney without regard to
whether the power of attorney expressly authorizes the specific act,
transaction, or decision by the attorney-in-fact.
4302. When requested to engage in transactions with an
attorney-in-fact, a third person, before incurring any duty to comply
with the power of attorney, may require the attorney-in-fact to
provide identification, specimens of the signatures of the principal
and the attorney-in-fact, and any other information reasonably
necessary or appropriate to identify the principal and the
attorney-in-fact and to facilitate the actions of the third person in
transacting business with the attorney-in-fact. A third person may
require an attorney-in-fact to provide the current and permanent
residence addresses of the principal before agreeing to engage in a
transaction with the attorney-in-fact.
4303. (a) A third person who acts in good faith reliance on a power
of attorney is not liable to the principal or to any other person
for so acting if all of the following requirements are satisfied:
(1) The power of attorney is presented to the third person by the
attorney-in-fact designated in the power of attorney.
(2) The power of attorney appears on its face to be valid.
(3) The power of attorney includes a notary public's certificate
of acknowledgment or is signed by two witnesses.
(b) Nothing in this section is intended to create an implication
that a third person is liable for acting in reliance on a power of
attorney under circumstances where the requirements of subdivision
(a) are not satisfied. Nothing in this section affects any immunity
that may otherwise exist apart from this section.
4304. (a) The death of a principal who has executed a power of
attorney, whether durable or nondurable, does not revoke or terminate
the agency as to the attorney-in-fact or a third person who, without
actual knowledge of the principal's death, acts in good faith under
the power of attorney. Any action so taken, unless otherwise invalid
or unenforceable, binds the principal's successors in interest.
(b) The incapacity of a principal who has previously executed a
nondurable power of attorney does not revoke or terminate the agency
as to the attorney-in-fact or a third person who, without actual
knowledge of the incapacity of the principal, acts in good faith
under the power of attorney. Any action so taken, unless otherwise
invalid or unenforceable, binds the principal and the principal's
successors in interest.
4305. (a) As to acts undertaken in good faith reliance thereon, an
affidavit executed by the attorney-in-fact under a power of attorney,
whether durable or nondurable, stating that, at the time of the
exercise of the power, the attorney-in-fact did not have actual
knowledge of the termination of the power of attorney or the
attorney-in-fact's authority by revocation or of the principal's
death or incapacity is conclusive proof of the nonrevocation or
nontermination of the power at that time. If the exercise of the
power of attorney requires execution and delivery of any instrument
that is recordable, the affidavit when authenticated for record is
likewise recordable.
(b) This section does not affect any provision in a power of
attorney for its termination by expiration of time or occurrence of
an event other than express revocation or a change in the principal's
capacity.
4306. (a) If an attorney-in-fact furnishes an affidavit pursuant to
Section 4305, whether voluntarily or on demand, a third person
dealing with the attorney-in-fact who refuses to accept the exercise
of the attorney-in-fact's authority referred to in the affidavit is
liable for attorney's fees incurred in an action or proceeding
necessary to confirm the attorney-in-fact's qualifications or
authority, unless the court determines that the third person believed
in good faith that the attorney-in-fact was not qualified or was
attempting to exceed or improperly exercise the attorney-in-fact's
authority.
(b) The failure of a third person to demand an affidavit pursuant
to Section 4305 does not affect the protection provided the third
person by this chapter, and no inference as to whether a third person
has acted in good faith may be drawn from the failure to demand an
affidavit from the attorney-in-fact.
4307. (a) A copy of a power of attorney certified under this
section has the same force and effect as the original power of
attorney.
(b) A copy of a power of attorney may be certified by any of the
following:
(1) An attorney authorized to practice law in this state.
(2) A notary public in this state.
(3) An official of a state or of a political subdivision who is
authorized to make certifications.
(c) The certification shall state that the certifying person has
examined the original power of attorney and the copy and that the
copy is a true and correct copy of the original power of attorney.
(d) Nothing in this section is intended to create an implication
that a third person may be liable for acting in good faith reliance
on a copy of a power of attorney that has not been certified under
this section.
4308. (a) A third person who conducts activities through employees
is not charged under this chapter with actual knowledge of any fact
relating to a power of attorney, nor of a change in the authority of
an attorney-in-fact, unless both of the following requirements are
satisfied:
(1) The information is received at a home office or a place where
there is an employee with responsibility to act on the information.
(2) The employee has a reasonable time in which to act on the
information using the procedure and facilities that are available to
the third person in the regular course of its operations.
(b) Knowledge of an employee in one branch or office of an entity
that conducts business through branches or multiple offices is not
attributable to an employee in another branch or office.
4309. Nothing in this chapter requires a third person to engage in
any transaction with an attorney-in-fact if the attorney-in-fact has
previously breached any agreement with the third person.
4310. Without limiting the generality of Section 4300, nothing in
this chapter requires a financial institution to open a deposit
account for a principal at the request of an attorney-in-fact if the
principal is not currently a depositor of the financial institution
or to make a loan to the attorney-in-fact on the principal's behalf
if the principal is not currently a borrower of the financial
institution.
4300. A third person shall accord an attorney-in-fact acting
pursuant to the provisions of a power of attorney the same rights and
privileges that would be accorded the principal if the principal
were personally present and seeking to act. However, a third person
is not required to honor the attorney-in-fact's authority or conduct
business with the attorney-in-fact if the principal cannot require
the third person to act or conduct business in the same
circumstances.
4301. A third person may rely on, contract with, and deal with an
attorney-in-fact with respect to the subjects and purposes
encompassed or expressed in the power of attorney without regard to
whether the power of attorney expressly authorizes the specific act,
transaction, or decision by the attorney-in-fact.
4302. When requested to engage in transactions with an
attorney-in-fact, a third person, before incurring any duty to comply
with the power of attorney, may require the attorney-in-fact to
provide identification, specimens of the signatures of the principal
and the attorney-in-fact, and any other information reasonably
necessary or appropriate to identify the principal and the
attorney-in-fact and to facilitate the actions of the third person in
transacting business with the attorney-in-fact. A third person may
require an attorney-in-fact to provide the current and permanent
residence addresses of the principal before agreeing to engage in a
transaction with the attorney-in-fact.
4303. (a) A third person who acts in good faith reliance on a power
of attorney is not liable to the principal or to any other person
for so acting if all of the following requirements are satisfied:
(1) The power of attorney is presented to the third person by the
attorney-in-fact designated in the power of attorney.
(2) The power of attorney appears on its face to be valid.
(3) The power of attorney includes a notary public's certificate
of acknowledgment or is signed by two witnesses.
(b) Nothing in this section is intended to create an implication
that a third person is liable for acting in reliance on a power of
attorney under circumstances where the requirements of subdivision
(a) are not satisfied. Nothing in this section affects any immunity
that may otherwise exist apart from this section.
4304. (a) The death of a principal who has executed a power of
attorney, whether durable or nondurable, does not revoke or terminate
the agency as to the attorney-in-fact or a third person who, without
actual knowledge of the principal's death, acts in good faith under
the power of attorney. Any action so taken, unless otherwise invalid
or unenforceable, binds the principal's successors in interest.
(b) The incapacity of a principal who has previously executed a
nondurable power of attorney does not revoke or terminate the agency
as to the attorney-in-fact or a third person who, without actual
knowledge of the incapacity of the principal, acts in good faith
under the power of attorney. Any action so taken, unless otherwise
invalid or unenforceable, binds the principal and the principal's
successors in interest.
4305. (a) As to acts undertaken in good faith reliance thereon, an
affidavit executed by the attorney-in-fact under a power of attorney,
whether durable or nondurable, stating that, at the time of the
exercise of the power, the attorney-in-fact did not have actual
knowledge of the termination of the power of attorney or the
attorney-in-fact's authority by revocation or of the principal's
death or incapacity is conclusive proof of the nonrevocation or
nontermination of the power at that time. If the exercise of the
power of attorney requires execution and delivery of any instrument
that is recordable, the affidavit when authenticated for record is
likewise recordable.
(b) This section does not affect any provision in a power of
attorney for its termination by expiration of time or occurrence of
an event other than express revocation or a change in the principal's
capacity.
4306. (a) If an attorney-in-fact furnishes an affidavit pursuant to
Section 4305, whether voluntarily or on demand, a third person
dealing with the attorney-in-fact who refuses to accept the exercise
of the attorney-in-fact's authority referred to in the affidavit is
liable for attorney's fees incurred in an action or proceeding
necessary to confirm the attorney-in-fact's qualifications or
authority, unless the court determines that the third person believed
in good faith that the attorney-in-fact was not qualified or was
attempting to exceed or improperly exercise the attorney-in-fact's
authority.
(b) The failure of a third person to demand an affidavit pursuant
to Section 4305 does not affect the protection provided the third
person by this chapter, and no inference as to whether a third person
has acted in good faith may be drawn from the failure to demand an
affidavit from the attorney-in-fact.
4307. (a) A copy of a power of attorney certified under this
section has the same force and effect as the original power of
attorney.
(b) A copy of a power of attorney may be certified by any of the
following:
(1) An attorney authorized to practice law in this state.
(2) A notary public in this state.
(3) An official of a state or of a political subdivision who is
authorized to make certifications.
(c) The certification shall state that the certifying person has
examined the original power of attorney and the copy and that the
copy is a true and correct copy of the original power of attorney.
(d) Nothing in this section is intended to create an implication
that a third person may be liable for acting in good faith reliance
on a copy of a power of attorney that has not been certified under
this section.
4308. (a) A third person who conducts activities through employees
is not charged under this chapter with actual knowledge of any fact
relating to a power of attorney, nor of a change in the authority of
an attorney-in-fact, unless both of the following requirements are
satisfied:
(1) The information is received at a home office or a place where
there is an employee with responsibility to act on the information.
(2) The employee has a reasonable time in which to act on the
information using the procedure and facilities that are available to
the third person in the regular course of its operations.
(b) Knowledge of an employee in one branch or office of an entity
that conducts business through branches or multiple offices is not
attributable to an employee in another branch or office.
4309. Nothing in this chapter requires a third person to engage in
any transaction with an attorney-in-fact if the attorney-in-fact has
previously breached any agreement with the third person.
4310. Without limiting the generality of Section 4300, nothing in
this chapter requires a financial institution to open a deposit
account for a principal at the request of an attorney-in-fact if the
principal is not currently a depositor of the financial institution
or to make a loan to the attorney-in-fact on the principal's behalf
if the principal is not currently a borrower of the financial
institution.
