California Probate Code

§ 4450

PROB § 4450 Effective Jan 1, 1995Div. 4.5 · Part 3 · Ch. 2

Statute text

By executing a statutory form power of attorney with respect to a subject listed in Section 4401, the principal, except as limited or extended by the principal in the power of attorney, empowers the agent, for that subject, to do all of the following:

(a)Demand, receive, and obtain by litigation or otherwise, money or other thing of value to which the principal is, may become, or claims to be entitled, and conserve, invest, disburse, or use anything so received for the purposes intended.

(b)Contract in any manner with any person, on terms agreeable to the agent, to accomplish a purpose of a transaction, and perform, rescind, reform, release, or modify the contract or another contract made by or on behalf of the principal.

…

Legislative history

Added by Stats. 1994, Ch. 307, Sec. 16. Effective January 1, 1995.