House
Study
Bill
2
-
Introduced
HOUSE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
JUDICIARY
BILL
BY
CHAIRPERSON
BALTIMORE)
A
BILL
FOR
An
Act
relating
to
the
powers
of
an
agent
under
a
power
of
1
attorney
with
respect
to
real
property.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
1751YC
(1)
87
jh/rj
H.F.
_____
Section
1.
Section
633B.204,
Code
2017,
is
amended
by
adding
1
the
following
new
subsection:
2
NEW
SUBSECTION
.
10.
Relinquish
any
and
all
of
the
3
principal’s
rights
of
dower,
homestead,
and
elective
share.
4
EXPLANATION
5
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
6
the
explanation’s
substance
by
the
members
of
the
general
assembly.
7
This
bill
provides
that,
unless
a
power
of
attorney
8
otherwise
provides
and
subject
to
certain
restrictions
9
contained
in
Code
section
633B.201,
an
agent
that
has
been
10
granted
general
authority
with
respect
to
real
property
is
11
authorized
to
relinquish
any
and
all
of
the
principal’s
rights
12
of
dower,
homestead,
and
elective
share.
13
-1-
LSB
1751YC
(1)
87
jh/rj
1/
1