Uniform Power of Attorney Act; acknowledged power of attorney, definition.

Summary

The bill changes Virginia’s Uniform Power of Attorney Act by redefining “acknowledged” to mean a power of attorney that is purportedly verified before a notary or other authorized person. It also deletes the rule that prevents a person from relying in good faith on an acknowledged POA that later turns out to have a forged principal’s signature. The changes affect anyone creating, notarizing, or using a power of attorney.

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