As used in this chapter:

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Terms Used In Minnesota Statutes 523.03

  • Adult: means an individual 18 years of age or older. See Minnesota Statutes 645.451
  • Guardian: A person legally empowered and charged with the duty of taking care of and managing the property of another person who because of age, intellect, or health, is incapable of managing his (her) own affairs.
  • principal: includes a guardian or conservator appointed for the principal at any time; and

    (3) "power of attorney" means a validly executed power of attorney. See Minnesota Statutes 523.03

(1) “incapacity” means cause for appointment of a guardian or conservator of an adult under sections 524.5-101 to 524.5-502;

(2) “principal” includes a guardian or conservator appointed for the principal at any time; and

(3) “power of attorney” means a validly executed power of attorney.