Powers of Attorney expressed to be irrevocable and given for valuable consideration
If a power of attorney, given for valuable consideration, is in the instrument creating the power expressed to be irrevocable, then in favour of a purchaser, the power shall not be revoked at any time, either by anything done by the donor of the power without the concurrence of the donee of the power, or by the death, marriage, mental disorder, unsoundness of mind, or bankruptcy of the donor of the power. Powers of Attorney Act 1949 (Malaysia) s 6(1)(a).
This preview is an excerpt from the following publication. this publication for access to all the commentary and precedents.
Powers of Attorney - Step by Step Guide & Precedents
by By Lawyers For Lawyers author - C M Teng
Overview
This guide provides comprehensive direction on executing a valid Power of Attorney throughout Malaysia, including separate guidance for Western Malaysia.
The commentary includes hyperlinks to relevant legislation and covers all issues likely to arise in general practice, including;
- Getting the matter underway
- Power of Attorney precedents
- Certificate of Authentication
- Revocation
- Finalisation
The supplied precedents enable you to produce the desired result time effectively and easily.