Bill Text: IN SB0157 | 2012 | Regular Session | Enrolled

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Bill Title: Power of attorney and attorney in fact.

Spectrum: Partisan Bill (Republican 2-0)

Status: (Enrolled - Dead) 2012-03-14 - Signed by the Governor [SB0157 Detail]

Download: Indiana-2012-SB0157-Enrolled.html

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Second Regular Session 117th General Assembly (2012)

PRINTING CODE. Amendments: Whenever an existing statute (or a section of the Indiana Constitution) is being amended, the text of the existing provision will appear in this style type, additions will appear in this style type, and deletions will appear in this style type.
Additions: Whenever a new statutory provision is being enacted (or a new constitutional provision adopted), the text of the new provision will appear in this style type. Also, the word NEW will appear in that style type in the introductory clause of each SECTION that adds a new provision to the Indiana Code or the Indiana Constitution.
Conflict reconciliation: Text in a statute in this style type or this style type reconciles conflicts between statutes enacted by the 2011 Regular Session of the General Assembly.

    SENATE ENROLLED ACT No. 157

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     AN ACT to amend the Indiana Code concerning civil procedure.

Be it enacted by the General Assembly of the State of Indiana:

SOURCE: IC 30-5-6-4; (12)SE0157.1.1. -->

    SECTION 1. IC 30-5-6-4 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]: Sec. 4. (a) The attorney in fact shall keep complete records of all transactions entered into by the attorney in fact on behalf of the principal:
        (1) for six (6) years after the date of the transaction; or
        (2) until the records are delivered to the successor attorney in fact;
whichever occurs first.
    (b) Except as otherwise stated in the power of attorney, the attorney in fact is not required to render an accounting. The attorney in fact shall render a written accounting if an accounting is ordered by a court, requested by the principal, a guardian appointed for the principal, a child of the principal, or, upon the death of the principal, the personal representative of the principal's estate, or an heir or legatee of the principal.
    (c) An attorney in fact shall deliver an accounting requested under subsection (b) to:
        (1) the principal;
        (2) a guardian appointed for the principal;
        (3) the personal representative of the principal's estate;
        (4) an heir of the principal after the death of the principal; or
        (5) a legatee of the principal after the death of the principal;
not later than sixty (60) days after the date the attorney in fact receives

the written request for an accounting. In the event of the principal's death, an accounting under this subsection must be requested not later than nine (9) months after the date of the principal's death.
    (d) Not more than one (1) accounting is required under this section in each twelve (12) month period unless the court, in its discretion, orders additional accountings.
    (e) If an attorney in fact fails to deliver an accounting as required under subsection (c), the person requesting the accounting may initiate an action in mandamus to compel the attorney in fact to render the accounting. The court may award the attorney's fees and court costs incurred under this subsection to the person requesting the accounting if the court finds that the attorney in fact failed to render an accounting as required under this section without just cause.

SOURCE: IC 30-5-8-5; (12)SE0157.1.2. -->     SECTION 2. IC 30-5-8-5 IS AMENDED TO READ AS FOLLOWS [EFFECTIVE JULY 1, 2012]: Sec. 5. A copy of the power of attorney has the same force and effect as the original power of attorney if the attorney in fact or the person granting the power of attorney certifies that the copy is a true and correct copy.

SOURCE: ; (12)SE0157.1.3. -->     SECTION 3. [EFFECTIVE JULY 1, 2012] (a) The general assembly urges the legislative council to assign to an existing study committee, for study during the 2012 legislative interim, the topic of powers of attorney.
    (b) This SECTION expires December 31, 2012.

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SEA 157 _ Concur

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