15
CurrentIrrevocable powers of attorney
15 Irrevocable powers of attorney
An instrument that creates a power of attorney creates an irrevocable power of attorney for the purposes of this Act if—
(a)
the instrument is expressed to be irrevocable, and
(b)
the instrument is given for valuable consideration or is expressed to be given for valuable consideration.
This Act’s bill:Explanatory memorandumSecond reading speech
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