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| | | An Act Concerning Full Faith and Credit for Legal Documents |
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| | | Executed in Other Jurisdictions |
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| | | Be it enacted by the People of the State of Maine as follows: |
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| | | Sec. 1. 18-A MRSA §5-508, sub-§(c), as repealed and replaced by PL | | 1997, c. 683, Pt. C, §6, is amended to read: |
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| | | (c) A durable financial power of attorney executed in this | | State must be notarized by a notary public or an attorney-at-law. |
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| | | Sec. 2. 18-A MRSA §5-508, sub-§(d), as amended by PL 2003, c. 618, Pt. | | B, §8 and affected by §20, is further amended to read: |
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| | | (d) A durable financial power of attorney executed in this | | State must contain the following language: |
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| | | "Notice to the Principal: As the "Principal," you are using this | | Durable Power of Attorney to grant power to another person | | (called the "Agent" or "Attorney-in-fact") to make decisions | | about your money, property or both and to use your money, | | property or both on your behalf. If this written Durable Power | | of Attorney does not limit the powers that you give your Agent, | | your Agent will have broad and sweeping powers to sell or | | otherwise dispose of your property and spend your money without | | advance notice to you or approval by you. Under this document, | | your Agent will continue to have these powers after you become | | incapacitated, and you may also choose to authorize your Agent to | | use these powers before you become incapacitated. The powers |
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