Article 5: PROTECTION OF PERSONS UNDER DISABILITY AND THEIR PROPERTY
Part 9: MAINE UNIFORM POWER OF ATTORNEY ACT
Subpart 1: GENERAL PROVISIONS AND DEFINITIONS
§5-915. Exoneration of agent
A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal's successors in interest except to the extent the provision: [2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF).]
(a). Relieves the agent of liability for breach of duty committed dishonestly, with an improper motive or with reckless indifference to the purposes of the power of attorney; or
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
(b). Was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
Article 5: PROTECTION OF PERSONS UNDER DISABILITY AND THEIR PROPERTY
Part 9: MAINE UNIFORM POWER OF ATTORNEY ACT
Subpart 1: GENERAL PROVISIONS AND DEFINITIONS
§5-915. Exoneration of agent
A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal's successors in interest except to the extent the provision: [2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF).]
(a). Relieves the agent of liability for breach of duty committed dishonestly, with an improper motive or with reckless indifference to the purposes of the power of attorney; or
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
(b). Was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
Article 5: PROTECTION OF PERSONS UNDER DISABILITY AND THEIR PROPERTY
Part 9: MAINE UNIFORM POWER OF ATTORNEY ACT
Subpart 1: GENERAL PROVISIONS AND DEFINITIONS
§5-915. Exoneration of agent
A provision in a power of attorney relieving an agent of liability for breach of duty is binding on the principal and the principal's successors in interest except to the extent the provision: [2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF).]
(a). Relieves the agent of liability for breach of duty committed dishonestly, with an improper motive or with reckless indifference to the purposes of the power of attorney; or
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
(b). Was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.
[ 2009, c. 292, §2 (NEW); 2009, c. 292, §6 (AFF) .]
