Statutes, codes, and regulations
Consolidated Laws of New York
Chapter - GENERAL OBLIGATIONSArticle 5 - CREATION, DEFINITION AND ENFORCEMENT OF CONTRACTUAL OBLIGATIONS
Title 15 - STATUTORY SHORT FORM AND OTHER POWERS OF ATTORNEY FOR FINANCIAL AND ESTATE PLANNING
Section 5-1509 - Appointment of monitor

N.Y. Gen. Oblig. Law § 5-1509

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Current through 2024 NY Law Chapter 443
Section 5-1509 - Appointment of monitor

A principal may appoint a monitor or monitors in the power of attorney who shall have the authority to request, receive and compel the agent to provide a record of all receipts, disbursements and transactions entered into by the agent on behalf of the principal, to request and receive such records held by third parties, and to request and receive a copy of the power of attorney. Nothing in this title shall be construed to impose a fiduciary duty on the monitor.

N.Y. Gen. Oblig. Law § 5-1509