Acts and Regulations

P-19 - Property Act

Full text
Effect of termination of power of attorney
58(1)Where a power of attorney is terminated or revoked or becomes invalid, any subsequent exercise of the power of attorney is valid and binding as between the donor of the power of attorney or the estate of the donor and any person, including the donee of the power of attorney, who acted in good faith and without notice of the termination, revocation or invalidity.
58(2)Where money is paid or property is transferred in the exercise of a power of attorney to which subsection (1) applies, nothing in subsection (1) affects the right of any person entitled to the money or property against the person to whom the payment or transfer is made, and the person so entitled has the same remedy against the person to whom the payment or transfer is made as the person would have had against the person making the payment or transfer.
R.S., c.177, s.55; 1989, c.31, s.1