Code · Kentucky · Chapter 457 — Uniform power of attorney act (2006)

457.150 Exoneration of agent.

87 words·~1 min read·/ky/chapter-457/457-150

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

A provision in a power of attorney relieving an agent of liability for breach of duty is 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 dishonestly, with an

improper motive, 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.