Texas Estates Code

§ 751.206 — GROUNDS FOR REFUSING ACCEPTANCE

ES § 751.206Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part P. DURABLE POWERS OF ATTORNEY · Ch. 751. GENERAL PROVISIONS REGARDING DURABLE POWERS OF ATTORNEY · Art. E. ACCEPTANCE OF AND RELIANCE ON DURABLE POWER OF ATTORNEY

Statute text

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A person is not required to accept a durable power of attorney under this subchapter if:

(1)the person would not otherwise be required to engage in a transaction with the principal under the same circumstances, including a circumstance in which the agent seeks to:

(A)establish a customer relationship with the person under the power of attorney when the principal is not already a customer of the person or expand an existing customer relationship with the person under the power of attorney; or

(B)acquire a product or service under the power of attorney that the person does not offer;

(2)the person's engaging in the transaction with the agent or with the principal under the same circumstances would be inconsistent with:

(A)another law of this state or a federal statute, rule, or regulation;

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Legislative history

Added by Acts 2017, 85th Leg., R.S., Ch. 834 (H.B. 1974), Sec. 8, eff. September 1, 2017.