CHAPTER 486

An Act to provide for the continuation of certain agency powers
under certain circumstances.
(S 121]

Approved April 5, 1954

Be it enacted by the General Assembly of Virginia:

1. § 1. 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 this 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 in-
capacity of the principal at law; and 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 guardian or committee shall thereafter be appointed
for the principal, the attorney in fact or agent shall, during the continu-
ance of such appointment, account to such guardian or committee as he
would otherwise be obligated to account to the principal; and such guardian
or committee shall have the same right and power, which the principal
would have in the absence of such disability, incompetence or incapacity,
to revoke, suspend or terminate all or any part of the power and authority
of the attorney in fact or agent.