This article applies to all powers of attorney except a:
(1) power to the extent it is coupled with an interest in the subject of the power, including a power given to or for the benefit of a creditor in connection with a credit transaction;
(2) proxy or other delegation to exercise voting rights or management rights with respect to an entity;
(3) power created on a form prescribed by a government or governmental subdivision, agency, or instrumentality for a governmental purpose;
(4) power created on a form provided by a financial institution or brokerage firm that relates to the account at the financial institution or brokerage firm and is intended for use solely by the financial institution or brokerage firm.
HISTORY: 2016 Act No. 279 (S.778), Section 1, eff January 1, 2017.
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