Commerce and trade; statutory form for financial power of attorney to provide additional protection for principals by allowing for termination upon occurrence of specified disability, incapacity, or mental incompetence; revise

A BILL to be entitled an Act to amend Article 7 of Chapter 6 of Title 10 of the Official Code of Georgia Annotated, relating to financial power of attorney, so as to revise the statutory form for financial power of attorney to provide additional protection for principals by allowing for the termination of the power of attorney upon the occurrence of specified disability, incapacity, or mental incompetence; to provide for additional duties of the agent in the event a court appoints a guardian for the principal or declares the principal to be mentally incompetent; to provide for related matters; to repeal conflicting laws; and for other purposes.