Texas Estates Code 751.0015 – Applicability of Subtitle
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Terms Used In Texas Estates Code 751.0015
- 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
This subtitle applies to all durable powers of attorney except:
(1) a power of attorney to the extent it is coupled with an interest in the subject of the power, including a power of attorney given to or for the benefit of a creditor in connection with a credit transaction;
(2) a medical power of attorney, as defined by § 166.002, Health and Safety Code;
(3) a proxy or other delegation to exercise voting rights or management rights with respect to an entity; or
(4) a power of attorney created on a form prescribed by a government or governmental subdivision, agency, or instrumentality for a governmental purpose.