17
CurrentDefinition
Part 2Non-enduring Powers of Attorney
Division 6Powers of attorney for security
17 Definition
In this Division—
power of attorney for security means a non-enduring power of attorney—
(a)
that states that it is irrevocable; and
(b)
that is given by the principal to secure—
(i)
a proprietary interest of the attorney; or
(ii)
the performance of an obligation owed to the attorney.
This Act’s bill:Explanatory memorandumSecond reading speech
Research tools for this sectionSubscription
The statute text is free to read above. View subscription options to unlock the case-law research tools for each provision.