HF 135 (LSB 1751HV (1) 87)

HOUSE FILE 135

BY  COMMITTEE ON JUDICIARY

(SUCCESSOR TO HSB 2)

A BILL FOR

An Act relating to the powers of an agent under a power of attorney with respect to real property.
BE IT ENACTED BY THE GENERAL ASSEMBLY OF THE STATE OF IOWA:

    Section 1.  Section 633B.204, Code 2017, is amended by adding the following new subsection:
   NEW SUBSECTION.  10.  Relinquish any and all of the principal’s rights of dower, homestead, and elective share.
EXPLANATION
The inclusion of this explanation does not constitute agreement with
the explanation’s substance by the members of the general assembly.
   This bill provides that, unless a power of attorney otherwise provides and subject to certain restrictions contained in Code section 633B.201, an agent that has been granted general authority with respect to real property is authorized to relinquish any and all of the principal’s rights of dower, homestead, and elective share.