Uniform Power of Attorney Act; acknowledged power of attorney, definition.

Uniform Power of Attorney Act; acknowledged power of attorney; definition. Amends the definition of "acknowledged" as it relates to a power of attorney under the Uniform Power of Attorney Act to mean purportedly verified before a notary public or other individual authorized to take acknowledgements. Under current law, "acknowledged" as it relates to a power of attorney under the Act means verified before a notary public or other individual authorized to take acknowledgements. The bill further eliminates the provisions of the Act prohibiting a person relying in good faith upon an acknowledged power of attorney that is invalid when such power of attorney contains a forged signature of a principal.