General Obligations Law 5-1503 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 5-1502N Construction--all other matters up TITLE 15 Statutory Short Form and Other Powers of Attorney For Financial and Estate Planning next SECTION 5-1504 Acceptance of and reliance upon acknowledged and witnessed statutory short form power of attorney Viewing most recent revision (from 2021-06-18) View historical revision as of: -- Choose a Date -- 2021-06-18 2020-12-18 2014-09-22 Share Facebook Email SECTION 5-1503 Modifications of the statutory short form power of attorney General Obligations (GOB) CHAPTER 24-A, ARTICLE 5, TITLE 15 § 5-1503. Modifications of the statutory short form power of attorney. A power of attorney which satisfies the requirements of paragraphs (a), (b) and (c) of subdivision one of section 5-1501B and section 5-1513 of this title is not prevented from being a "statutory short form power of attorney", by the fact that it also contains additional language at the section labeled "modifications" which: 1. Eliminates from the statutory short form power of attorney one or more of the powers enumerated in one or more of the constructional sections of this title with respect to a subdivision of the statutory short form power of attorney, affirmatively chosen by the principal; or 2. Supplements one or more of the powers enumerated in one or more of the constructional sections in this title with respect to a subdivision of the statutory short form power of attorney, affirmatively chosen by the principal, by specifically listing additional powers of the agent; or 3. Makes some additional provision which is not inconsistent with the other provisions of the statutory short form power of attorney, including a provision revoking one or more powers of attorney previously executed by the principal.