Vermont Statutes Title 14 Sec. 4032
Terms Used In Vermont Statutes Title 14 Sec. 4032
- Agent: means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact, or otherwise. See
- 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
- Power of attorney: means a writing or other record that grants authority to an agent to act in the place of the principal, whether or not the term power of attorney is used. See
- Principal: means an individual who grants authority to an agent in a power of attorney. See
- Record: means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is retrievable in perceivable form. See
§ 4032. Incorporation of authority
(a) An agent has authority described in this chapter if the power of attorney refers to general authority with respect to the descriptive term for the subjects stated in sections 4034-4047 of this title or cites the section in which the authority is described.
(b) A reference in a power of attorney to general authority with respect to the descriptive term for a subject in sections 4034-4047 of this title or a citation to a section of sections 4034-4047 of this title incorporates the entire section as if it were set out in full in the power of attorney.
(c) A principal may modify authority or a writing or other record incorporated by reference. (Added 2023, No. 60, § 1, eff. July 1, 2023.)