H.F. 2105 Section 1. Section 633B.110, subsection 2, Code 2018, is 1 amended by adding the following new paragraphs: 2 NEW PARAGRAPH . e. The agent is named as having abused the 3 principal in a founded dependent adult abuse report related to 4 the principal’s financial resources. 5 NEW PARAGRAPH . f. The agent is convicted of dependent adult 6 abuse related to the principal’s financial resources. 7 EXPLANATION 8 The inclusion of this explanation does not constitute agreement with 9 the explanation’s substance by the members of the general assembly. 10 This bill relates to the termination or suspension of an 11 agent’s authority to act for a principal under a power of 12 attorney. 13 Code section 633B.110 currently provides that an agent’s 14 authority for a power of attorney terminates upon the 15 occurrence of several circumstances including but not limited 16 to when the principal revokes the authority; the agent dies, 17 becomes incapacitated, or resigns; or an action is filed for 18 the dissolution or annulment of the agent’s marriage to the 19 principal or for their legal separation, unless the power of 20 attorney otherwise provides. The bill amends the Code section 21 to include an additional circumstance under which an agent’s 22 authority terminates, namely, if the agent is named as the 23 abuser in a founded dependent adult abuse report related to the 24 principal’s financial resources or is convicted of dependent 25 adult abuse related to the principal’s financial resources. 26 -1- LSB 5354YH (4) 87 hb/rj 1/ 1