“Charter” means articles of incorporation, articles of agreement, articles of association, charter granted by legislative act, or other basic constituent document of a corporation, or the power of attorney of the attorney-in-fact of a reciprocal insurer, or underwriter’s agreement and power of attorney of a Lloyd’s plan insurer.
Effective: June 18, 1970

Terms Used In Kentucky Statutes 304.3-050

  • Attorney: means attorney-at-law. See Kentucky Statutes 446.010
  • 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.
  • 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

History: Created 1970 Ky. Acts ch. 301, subtit. 3, sec. 5, effective June 18, 1970.

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