SECTIONS 2355-2357 - California Statutes

CIVIL CODE

SECTION 2355-2357

2355. An agency is terminated, as to every person having notice
thereof, by any of the following:
(a) The expiration of its term.
(b) The extinction of its subject.
(c) The death of the agent.
(d) The agent's renunciation of the agency.
(e) The incapacity of the agent to act as such.

2356. (a) Unless the power of an agent is coupled with an interest
in the subject of the agency, it is terminated by any of the
following:
(1) Its revocation by the principal.
(2) The death of the principal.
(3) The incapacity of the principal to contract.
(b) Notwithstanding subdivision (a), any bona fide transaction
entered into with an agent by any person acting without actual
knowledge of the revocation, death, or incapacity shall be binding
upon the principal, his or her heirs, devisees, legatees, and other
successors in interest.
(c) Nothing in this section shall affect the provisions of Section
1216.
(d) With respect to a proxy given by a person to another person
relating to the exercise of voting rights, to the extent the
provisions of this section conflict with or contravene any other
provisions of the statutes of California pertaining to the proxy, the
latter provisions shall prevail.

2357. For the purposes of subdivision (b) of Section 2356, in the
case of a principal who is an absentee as defined in Section 1403 of
the Probate Code, a person shall be deemed to be without actual
knowledge of:
(a) The principal's death or incapacity while the absentee
continues in missing status and until the person receives notice of
the determination of the death of the absentee by the secretary
concerned or the head of the department or agency concerned or the
delegate of the secretary or head.
(b) Revocation by the principal during the period described in
subdivision (a).