Loading chat...
NY S09209
Bill
Status
Passed
12/23/2022
Primary Sponsor
Brad Hoylman-Sigal
Click for details
AI Summary
- Amends General Obligations Law Section 5-1501B to clarify that statutory short form powers of attorney and statutory gift riders remain valid and enforceable even if signed by an agent at a later date than when the principal signed them
- Specifically protects powers of attorney signed by principals before June 13, 2021, that were subsequently signed by agents on or after that date
- Confirms that any revocation of a power of attorney that was delivered to an agent remains in effect under this provision
- Takes effect immediately upon enactment
Legislative Description
Provides clarification for the creation of valid statutory short form and other powers of attorney by clarifying when a principal and agent sign a power of attorney and its effectiveness.
Last Action
SIGNED CHAP.784
12/23/2022
Committee Referrals
Ways and Means6/1/2022
Rules6/1/2022
Judiciary5/12/2022
Full Bill Text
No bill text available