An agency is terminated, as to every person having notice thereof, by any of the following:

(a) The expiration of its term.

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(b) The extinction of its subject.

(c) The death of the agent.

(d) The agent’s renunciation of the agency.

(e) The incapacity of the agent to act as such.

(Amended by Stats. 1994, Ch. 307, Sec. 1. Effective January 1, 1995.)