California Probate Code 4232 – (a) An attorney-in-fact has a duty to act solely in the interest …
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(a) An attorney-in-fact has a duty to act solely in the interest of the principal and to avoid conflicts of interest.
(b) An attorney-in-fact is not in violation of the duty provided in subdivision (a) solely because the attorney-in-fact also benefits from acting for the principal, has conflicting interests in relation to the property, care, or affairs of the principal, or acts in an inconsistent manner regarding the respective interests of the principal and the attorney-in-fact.
Terms Used In California Probate Code 4232
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
- Property: means anything that may be the subject of ownership and includes both real and personal property and any interest therein. See California Probate Code 62
(Added by Stats. 1994, Ch. 307, Sec. 16. Effective January 1, 1995.)