Indiana Code 4-35-4-15. Civil penalties for violations concerning a power of attorney
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Sec. 15. The commission may impose a civil penalty upon a person who:
(2) fails to take any corrective action required by the commission with respect to a power of attorney submitted under IC 4-35-5-9; or
(1) fails to submit a power of attorney before the deadline specified in IC 4-35-5-9;
Terms Used In Indiana Code 4-35-4-15
- Attorney: includes a counselor or other person authorized to appear and represent a party in an action or special proceeding. See Indiana Code 1-1-4-5
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- Trustee: A person or institution holding and administering property in trust.
(3) violates any provision of this article concerning the submission of a power of attorney identifying the person who would serve as a trustee under the power of attorney.
As added by P.L.142-2009, SEC.21.