(a) Except as otherwise provided in the power of attorney, a person accepts appointment as an agent under a power of attorney by exercising authority or performing duties as an agent or by any other assertion or conduct indicating acceptance.
Terms Used In Alaska Statutes 13.26.605
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
(b) An agent that violates a provision in AS 13.26.600 § 13.26.695 is liable to the principal or the principal’s successors in interest for the amount required to
(1) restore the value of the principal’s property to what it would have been had the violation not occurred; and
(2) reimburse the principal or the principal’s successors in interest for the attorney fees and costs paid on the agent’s behalf.