(1) (a) The principal may specify in the agency instrument:
The event upon which or time when the agency begins and terminates;
The mode of revocation or amendment of the agency instrument; and
The rights, powers, duties, limitations, immunities, and other terms applicable to theagent and to all third parties dealing with the agent.
(b) The provisions of the agency instrument control in the case of a conflict between the provisions of the agency instrument and the provisions of this part 6. In the agency instrument, the principal may authorize the agent to appoint a successor agent.
(2) (a) Except as otherwise provided in this part 6, on or after January 1, 1995:
The provisions of this part 6 govern every agency instrument, whenever and wherever executed, and all acts of the agent, to the extent the provisions of this part 6 are not inconsistent with the agency instrument; and
The provisions of this part 6 apply to all agency instruments exercised in Coloradoand to all other agency instruments if the principal is a resident of Colorado at the time the agency instrument is signed or at the time of exercise or if the agency instrument indicates that Colorado law is to apply.
(b) Repealed.
(3) (a) The authority of an attorney-in-fact or an agent to act on behalf of the principal may include, but is not limited to, the powers specified in sections 15-14-501 to 15-14-506. (b) Repealed. (4) Repealed.
Source: L. 94: Entire part added, p. 1070, § 1, effective January 1, 1995. L. 98: (3) amended, p. 1171, § 6, effective June 1. L. 2007: (3)(b) amended, p. 797, § 4, effective July 1. L. 2009: (2)(b), (3)(b), and (4) repealed, (HB 09-1198), ch. 106, p. 422, § 8, effective January 1, 2010.