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2004 SESSION
048435544Be it enacted by the General Assembly of Virginia:
1. That § 11-9.1 of the Code of Virginia is amended and reenacted as follows:
§ 11-9.1. When power of attorney, etc., not terminated by principal's disability; exception.
A. Whenever any power of attorney or other writing, in which any principal shall vest any power or authority in an attorney-in-fact or other agent, shall contain the words "This power of attorney (or his authority) shall not terminate on disability of the principal" or other words showing the intent of the principal that such power or authority shall not terminate upon his disability, then all power and authority vested in the attorney-in-fact or agent by the power of attorney or other writing shall continue and be exercisable by the attorney-in-fact or agent on behalf of the principal notwithstanding any subsequent disability, incompetence, or incapacity of the principal at law, except as provided in subsection B. All acts done by the attorney-in-fact or agent, pursuant to such power or authority, during the period of any such disability, incompetence or incapacity, shall have in all respects the same effect and shall inure to the benefit of, and bind the principal as fully as if the principal were not subject to such disability, incompetence or incapacity. If any conservator, guardian, or committee shall thereafter be appointed for the principal, the attorney-in-fact or agent shall, during the continuance of such appointment, account to such conservator, guardian, or committee as he would otherwise be obligated to account to the principal.
B. The appointment of a conservator, guardian, or committee pursuant to Title
37.1 shall not of itself revoke or limit the authority of the attorney-in-fact
or other agent. However, in a proceeding in which the attorney-in-fact or other
agent is made a party, the court which appointed the conservator, guardian, or
committee may revoke, suspend, or otherwise limit such the authority of the
attorney-in-fact or other agent at the request of, and based upon information
provided by, the guardian, conservator or committee for an incapacitated
individual. Furthermore, where no conservator, guardian, or committee has been
appointed, the circuit court of the city or county where the principal resides
or is located, in a proceeding brought by a person interested in the welfare of
the principal as defined in § 37.1-134.22, and in which the attorney-in-fact or
other agent and the principal are made parties, may terminate, suspend, or
otherwise limit the authority of the attorney-in-fact or other agent upon a
finding that such termination, suspension or limitation is in the best
interests of the principal or his estate.