Texas Estates Code 751.102 – Duty to Timely Inform Principal
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(a) The agent shall timely inform the principal of each action taken under a durable power of attorney.
(b) Failure of an agent to timely inform, as to third parties, does not invalidate any action of the agent.
Terms Used In Texas Estates Code 751.102
- 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