MS SB2069

Establishes the Mississippi Uniform Power of Attorney Act, effective July 1, 2019, creating Chapter 4 of Title 87, Mississippi Code of 1972.

Designates powers of attorney as durable unless expressly terminated by the principal's incapacity, and permits agents to act on behalf of principals regarding property, finances, real estate, and business matters within the scope of granted authority.

Requires agents to act loyally in the principal's best interest, maintain records of transactions, avoid conflicts of interest, and limits agent authority to create trusts, make gifts, or create beneficiary designations unless expressly granted by the principal.

Provides statutory forms for powers of attorney and agent certifications, establishes acceptance and reliance protections for third parties who accept acknowledged powers of attorney without actual knowledge of termination or invalidity, and imposes liability on parties who wrongfully refuse to accept valid acknowledged powers of attorney.

Repeals the prior Uniform Durable Power of Attorney Act (Sections 87-3-101, 87-3-103, 87-3-105, 87-3-107, 87-3-109, 87-3-111, and 87-3-113) and amends Section 75-3-307 regarding fiduciary duties.