Vermont Statutes Title 14 Sec. 4063
Terms Used In Vermont Statutes Title 14 Sec. 4063
- 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
- 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
§ 4063. Effect on existing powers of attorney
Except as otherwise provided in this chapter, on July 1, 2023:
(1) this chapter applies to a power of attorney created before, on, or after July 1, 2023;
(2) this chapter applies to a judicial proceeding concerning a power of attorney commenced on or after July 1, 2023;
(3) this chapter applies to a judicial proceeding concerning a power of attorney commenced before July 1, 2023 unless the court finds that application of a provision of this chapter would substantially interfere with the effective conduct of the judicial proceeding or prejudice the rights of a party, in which case that provision does not apply and the superseded law applies; and
(4) an act done before July 1, 2023 is not affected by this chapter. (Added 2023, No. 60, § 1, eff. July 1, 2023.)