Rhode Island General Laws 34-22-7. Good faith payment by attorney acting under invalid power
Any person, making any payment in good faith in pursuance of a power of attorney, shall not be liable, in respect of the payment, by reason that before the payment the donor of the power had died or become of unsound mind or bankrupt, or had revoked the power, if the fact of death, unsoundness of mind, bankruptcy or revocation, was not at the time of the payment known to the person making the payment. This section shall not affect any right against the payee of any person interested in any money so paid; and that person shall have the like remedy against the payee as he or she would have had against the payer if the payment had not been made.
History of Section.
G.L. 1896, ch. 202, § 18; G.L. 1909, ch. 253, § 18; G.L. 1923, ch. 297, § 18; G.L. 1938, ch. 488, § 3; G.L. 1956, § 34-22-7; P.L. 1999, ch. 83, § 79; P.L. 1999, ch. 130, § 79.
Terms Used In Rhode Island General Laws 34-22-7
- Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
- Donor: The person who makes a gift.
- person: may be construed to extend to and include co-partnerships and bodies corporate and politic. See Rhode Island General Laws 43-3-6
- 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