(1) An agent has authority described in this section and KRS § 457.245 and KRS § 457.265 to
457.400 if the power of attorney refers to general authority with respect to the descriptive term for the subjects stated in KRS § 457.270 to KRS § 457.390 or cites the section in which the authority is described.
Need help with a review of a power of attorney? Chat with an attorney and protect your rights.

Terms Used In Kentucky Statutes 457.255

  • Agent: means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact, or otherwise. See Kentucky Statutes 457.020
  • Attorney: means attorney-at-law. See Kentucky Statutes 446.010
  • Power of attorney: means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used. See Kentucky Statutes 457.020
  • 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
  • Principal: means an individual who grants authority to an agent in a power of attorney. See Kentucky Statutes 457.020

(2) A reference in a power of attorney to general authority with respect to the descriptive term for a subject in KRS § 457.270 to KRS § 457.390 or a citation to a section of KRS § 457.270 to KRS § 457.390 incorporates the entire section as if it were set out in full in the power of attorney.
(3) A principal may modify authority incorporated by reference.
Effective: July 15, 2020
History: Created 2020 Ky. Acts ch. 41, sec. 44, effective July 15, 2020.