A security power is a power of attorney that is expressed to be irrevocable and is
given to secure: — a proprietary interest of the attorney; or
the performance of an obligation owed to the attorney.
While the donee has the interest or until the obligation is discharged the donor can only revoke the power with the attorney's consent and the death, bankruptcy or mental incapacity of the donor does not revoke it.
Whilst mental incapacity does not revoke this type of power of attorney, does anyone know what legal limitations there are on the attorney's enforcement powers if the donor is mentally incapacitated.
given to secure: — a proprietary interest of the attorney; or
the performance of an obligation owed to the attorney.
While the donee has the interest or until the obligation is discharged the donor can only revoke the power with the attorney's consent and the death, bankruptcy or mental incapacity of the donor does not revoke it.
Whilst mental incapacity does not revoke this type of power of attorney, does anyone know what legal limitations there are on the attorney's enforcement powers if the donor is mentally incapacitated.
Comment