Statutory Power Of Attorney Page 7
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13Important Information for Agent
Agent’s Duties
When you accept the authority granted under this power of
attorney, a special legal relationship is created between you and
the principal. This relationship imposes upon you legal duties that
continue until you resign or the power of attorney is terminated or
revoked. You must:
1.
do what you know the principal reasonably expects you
to do with the principal’s property or, if you do not know the
principal’s expectations, act in the principal’s best interest;
2.
act in good faith;
3.
do nothing beyond the authority granted in this power of
attorney; and
4.
disclose your identify as an agent whenever you act for
the principal by writing or printing the name of the principal and
signing your own name as “agent” in the following manner:
________________________ by ______________________ as
Agent
(Principal’s Name)
(Your signature)
Unless the Special Instructions in this power of attorney
state otherwise, you must also:
1.
act loyally for the principal’s benefit;
2.
avoid conflicts that would impair your ability to act in the
principal’s best interest;
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