Official Code of Georgia Annotated

Title 10. COMMERCE AND TRADE · Chapter 6B. GEORGIA POWER OF ATTORNEY · Article 1. GENERAL PROVISIONS

10-6B-15. Waivers of agent liability.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

A provision in a power of attorney relieving an agent of liability for breach of duty shall be binding on the principal and the principal’s successors in interest except to the extent the provision:
(1)
Relieves the agent of liability for breach of duty committed in bad faith, or with reckless indifference to the purposes of the power of attorney or the best interest of the principal; or#
(2)
Was inserted as a result of an abuse of a confidential or fiduciary relationship with the principal.#

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Code 1981, § 10-6B-15, enacted by Ga. L. 2017, p. 435, § 2-1/HB 221.

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Current through: Including Acts of the 2025 Regular Session of the General Assembly.

Text read from t10-(v8)-2024-pdf.pdf, Volume V8, 2024 edition, page 1098; merge action: carried; file SHA-256 7afbade16da7.

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