N.J.S.A. 46:2B-8.13a — Power of attorney; gift of principal's property; prohibited

46:2B-8.13a. Power of attorney; gift of principal's property; prohibited 1. A power of attorney shall not be construed to authorize the attorney-in-fact to gratuitously transfer property of the principal to the attorney-in-fact or to others except to the extent that the power of attorney expressly and specifically so authorizes. An authorization in a power of attorney to generally perform all acts which the principal could perform if personally present and capable of acting, or words of like effect or meaning, is not an express or specific authorization to make gifts. L.2003,c.138.

This is the verbatim text of N.J.S.A. 46:2B-8.13a, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.