Full text: Secretarial practice

POWERS OF ATTORNEY 279 
by the third party of a copy of the power carefully collated 
by him. Such a copy, however. would not strictly be ad 
missible in evidence. 
Certain safeguards are, however, afforded by Statute. 
S. 124 of the Law of Property Act, 1925, provides as follows :— 
(1) Any person making any payment or doing any act, 
in good faith, in pursuance of a power of attorney, 
shall not be liable in respect of the payment or act 
by reason that before the payment or act the donor 
of the power had died or become subject to dis- 
ability! or bankrupt,? or had revoked the power, 
if the fact of death, disability, bankruptcy, or 
revocation, was not at the time of the payment 
or act known to the person making or doing the 
same. 
A statutory declaration by an Attorney that he has 
not received any notice or viformation of the revocation 
of such power of attorney by death or otherwise, shall, 
if made immediately before or within three months 
after any such payment or act as aforesaid, be taken 
to be conclusive proof of such mon-revocation at the 
time when such payment or act was made or done. 
Where the donee of the power of attorney is a 
corporation aggregate, the officer appointed to act 
for the corporation in the execution of the power 
may make the statutory declaration in like manner 
as if that officer had been the donee of the power. 
Where probate or letters of administration have 
been granted to any person as attorney for some 
other person,? this section applies as if the payment 
made or acts done under the grant had been made 
or done under a power of attorney. 
This section shall not affect any right against 
the payee of any person interested in any money 
so paid; and that person shall have the like remedy 
against the payee as he would have had against 
the payer if the payment had not been made by 
him. 
3) 
Statutory 
Protection. 
! E.g. lunacy, unsoundness of mind. 
? includes liquidation (s. 2035). 
8 As to the appointment of this officer, see Appendix. 
! Where administration is granted to the attorney of an executor or 
next of kin, the grant is made to the attorney for the use and benefit of 
his principal and determines on the latter's death. This clause protects 
third parties who have no notice of such death and deal in good faith 
with the attornev.
	        
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