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The Laws of New York
Consolidated Laws of New York
CHAPTER 24-A
General Obligations
ARTICLE 5
Creation, Definition and Enforcement of Contractual Obligations
TITLE 15
Statutory Short Form and Other Powers of Attorney For Financial and Estate Planning
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SECTION 5-1508
Co-agents and successor agents
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TITLE 15
Statutory Short Form and Other Powers of Attorney For Financial and Estate Planning
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SECTION 5-1510
Special proceedings
This entry was published on 2014-09-22
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SECTION 5-1509
Appointment of monitor
General Obligations (GOB) CHAPTER 24-A, ARTICLE 5, TITLE 15
§ 5-1509. Appointment of monitor. A principal may appoint a monitor or
monitors in the power of attorney who shall have the authority to
request, receive and compel the agent to provide a record of all
receipts, disbursements and transactions entered into by the agent on
behalf of the principal, to request and receive such records held by
third parties, and to request and receive a copy of the power of
attorney. Nothing in this title shall be construed to impose a fiduciary
duty on the monitor.