Oregon Statutes 127.045 – Duty of agent under power of attorney

Unless otherwise provided in the power of attorney document, an agent must use the property of the principal for the benefit of the principal. [2001 c.395 § 3; 2009 c.46 § 6]

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Terms Used In Oregon Statutes 127.045

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}

[Repealed by 1969 c.591 § 305]

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Oregon Statutes 127.045 – Duty of agent under power of attorney

Terms Used In Oregon Statutes 127.045

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