N.J.S.A. 46:2B-8.3 — Durable power of attorney not affected by lapse of time; disability or incapacity.

46:2B-8.3 Durable power of attorney not affected by lapse of time; disability or incapacity. 3. Durable Power of Attorney Not Affected By Lapse of Time; Disability or Incapacity. All acts done by an attorney-in-fact pursuant to a durable power of attorney during any period when the power of attorney is effective in accordance with its terms, including any period when the principal is under a disability, have the same effect and inure to the benefit of and bind the principal and the principal's successors in interest as if the principal were competent and not disabled. Unless the instrument states a time of termination, the power is exercisable notwithstanding the lapse of time since the execution of the instrument. L.2000,c.109,s.3.

This is the verbatim text of N.J.S.A. 46:2B-8.3, 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.