Chapter 523 — Authorization

523.01 Authorization Authorizes competent adults to designate another person or authorized corporation as their attorney-in-fact through a … 523.02 Common Law, Preexisting and Foreign Powers of Attorney Recognizes common law, preexisting, and foreign powers of attorney as valid under Minnesota law, subject to this … 523.03 Definitions Defines key terms used in the powers of attorney chapter: incapacity, principal, and power of attorney. 523.04 Presumption of Valid Execution Creates a legal presumption that a dated and signed power of attorney is valid. All parties may rely on this presumption … 523.05 Recording Requires recording of a power of attorney with the county recorder when the attorney-in-fact must execute recordable … 523.06 Certification Gives certified copies of a power of attorney the same legal force as the original signed document. 523.07 Durable Power of Attorney Defines a durable power of attorney as one that contains language showing the principal's intent for the power to … 523.075 Expiration Date in a Power of Attorney Requires that any expiration date in a power of attorney must state a specific month, day, and year. An expiration date … 523.08 Termination of a Durable Power Lists the events that terminate a durable power of attorney: death of the principal, expiration of a stated termination … 523.09 Termination of a Nondurable Power of Attorney Lists the events that terminate a nondurable power of attorney: death of the principal, incapacity of the principal, … 523.10 Missing Persons Presumed Living Establishes a presumption that a missing person is alive for purposes of powers of attorney until actual proof or legal … 523.11 Revocation of a Power Requires revocation of a power of attorney to be in writing, signed by the principal (or acknowledged before a notary if … 523.12 Power of Attorney-in-fact to Bind Principal Makes actions taken by an attorney-in-fact binding on the principal and the principal's heirs, assigns, and estate … 523.13 Multiple Attorneys-in-fact Provides that when multiple attorneys-in-fact are appointed, any one of them may act independently unless the power of … 523.131 Qualification of Successor Attorney-in-fact in Statutory Short Form Power of Attorney Addresses succession of attorneys-in-fact in a statutory short form power of attorney when one of multiple original … 523.14 Successor Attorney-in-fact Not Liable for Acts of Predecessor Shields a successor attorney-in-fact from liability for actions taken by the predecessor attorney-in-fact. 523.15 Co-attorneys-in-fact Not Liable for Acts of Each Other Protects co-attorneys-in-fact from liability for each other's actions. Not joining in or consenting to a co-agent's … 523.16 Affidavit as Proof of Authority of Attorney-in-fact Allows an attorney-in-fact to provide an affidavit proving their authority when a predecessor agent has died, become … 523.17 Affidavit of Attorney-in-fact as Conclusive Proof of Nontermination and Nonrevocation in Real Property Transactions Provides a specific affidavit form for real property transactions, allowing the attorney-in-fact to swear that the power … 523.18 Signature of Attorney-in-fact as Conclusive Proof of Nontermination Makes the signature of an attorney-in-fact conclusive proof that the power of attorney had not terminated at the time of … 523.19 Third Parties Held Harmless Protects third parties who accept an attorney-in-fact's authority in good faith from liability to the principal or the … 523.20 Liability of Parties Refusing Authority of Attorney-in-fact to Act on Principal's Behalf Creates potential liability for third parties who unreasonably refuse to accept a properly executed power of attorney, … 523.21 Duties of an Attorney-in-fact Requires attorneys-in-fact to keep complete records of all transactions and to render an accounting when requested by … 523.22 Liability of Attorney-in-fact for Improper Execution of Affidavits and Signature Preserves the principal's right to sue the attorney-in-fact for fraudulent or negligent actions, even when the … 523.23 Statutory Short Form of General Power of Attorney; Formal Requirements; Joint Agents This law provides the official Minnesota form for a power of attorney. A power of attorney lets you (the principal) … 523.231 Alternative Short Forms for General Power of Attorney for Military Members in Active Service Authorizes the commissioner of military affairs to prepare alternative short form powers of attorney for active-duty … 523.24 Construction Construes the powers granted in a statutory short form power of attorney, defining what each category of authority (real … 523.25 Repealed provision formerly part of the powers of attorney chapter. 523.26 Judicial Relief Allows the principal or any interested person to petition the court for protective orders directing an attorney-in-fact …