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Definition for

Power of Attorney

A written instrument by which one person (the principal) appoints another (the agent or attorney-in-fact) and confers upon the agent the authority to perform certain specified acts. A power of attorney may be general (authorizing the agent to carry on all of the business of the principal) or specific (authorizing the agent to carry out a specific business transaction). A power of attorney that becomes effective upon the disability or incapacity of the principal is a durable power of attorney. All powers of attorney expire upon the death of the principal.

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