26-79 - Nomination of conservator or guardian; relation of agent to court-appointed fiduciary. - Virginia Statutes

§ 26-79. Nomination of conservator or guardian; relation of agent tocourt-appointed fiduciary.

A. In a power of attorney, a principal may nominate a conservator or guardianof the principal's estate or guardian of the principal's person forconsideration by the court if protective proceedings for the principal'sestate or person are begun after the principal executes the power of attorney.

B. If, after a principal executes a power of attorney, a court appoints aconservator or guardian of the principal's estate or other fiduciary chargedwith the management of some or all of the principal's property, the agent isaccountable to the fiduciary as well as to the principal. The power ofattorney is not terminated and the agent's authority continues unlesslimited, suspended, or terminated by the court.

(2010, cc. 455, 632.)