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N.Y. Gen. Oblig. Law § 5-1503

Modifications of the statutory short form power of attorney

2021-06-18

§ 5-1503. Modifications of the statutory short form power of attorney.\nA power of attorney which satisfies the requirements of paragraphs (a),\n(b) and (c) of subdivision one of section 5-1501B and section 5-1513 of\nthis title is not prevented from being a "statutory short form power of\nattorney", by the fact that it also contains additional language at the\nsection labeled "modifications" which:\n 1. Eliminates from the statutory short form power of attorney one or\nmore of the powers enumerated in one or more of the constructional\nsections of this title with respect to a subdivision of the statutory\nshort form power of attorney, affirmatively chosen by the principal; or\n 2. Supplements one or more of the powers enumerated in one or more of\nthe constructional sections in this title with respect to a subdivision\nof the statutory short form power of attorney, affirmatively chosen by\nthe principal, by specifically listing additional powers of the agent;\nor\n 3. Makes some additional provision which is not inconsistent with the\nother provisions of the statutory short form power of attorney,\nincluding a provision revoking one or more powers of attorney previously\nexecuted by the principal.\n

Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.