Section 5–507. [Protection; Third Parties.]

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Terms Used In Massachusetts General Laws ch. 190B sec. 5-507

  • 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

No third party acting in good faith reliance on a durable power of attorney shall be held liable for action taken in such reliance.