§ 3516. Effective date; effect on existing powers of attorney
(a) A power of attorney shall be valid if it:
(1) complies with the terms of this subchapter; or
(2) is executed before July 1, 2002 and valid under common law or statute existing at the time of execution.
(b) If a power of attorney executed before July 1, 2002 was valid under common law or statute existing at the time of execution, any exercise of authority under the power of attorney, whether before or after July 1, 2002, shall be deemed valid if the exercise complies with common law or statute existing at the time of execution. (Added 2001, No. 135 (Adj. Sess.), § 2, eff. June 13, 2002; amended 2011, No. 144 (Adj. Sess.), § 4, eff. May 15, 2012.)
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