Texas Estates Code 752.115 – Existing Interests; Foreign Interests
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Terms Used In Texas Estates Code 752.115
- 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
- Property: means real and personal property. See Texas Government Code 311.005
The powers described by Sections 752.102-752.1145 may be exercised equally with respect to an interest the principal has at the time the durable power of attorney is executed or acquires later, whether or not:
(1) the property is located in this state; or
(2) the powers are exercised or the durable power of attorney is executed in this state.