The Louisiana Revocation of Power of Attorney is the written termination of a principal-agent relationship. When a POA document is executed and time goes on, at some point the principal may wish to revoke the authority granted. It is recommended that the canceling party do so in writing to create a record of the original document’s nullification. This form enables users to accomplish such a feat and simply requires the identities of the principal & agent, a description of the initial POA, and the signature of the revoking individual. Once executed, copies should be provided to the attorney-in-fact and any institutions that may rely on the previous document.
Laws
Statute – “The principal may terminate the mandate and the authority of the mandatary at any time. A mandate in the interest of the principal, and also of the mandatary or of a third party, may be irrevocable, if the parties so agree, for as long as the object of the contract may require.” (§ 3025)
Notice – “The principal must notify third persons with whom the mandatary was authorized to contract of the revocation of the mandate or of the mandatary’s authority. If the principal fails to do so, he is bound to perform the obligations that the mandatary has undertaken.” (§ 3028)
Signing Requirements – Acknowledgment of Two (2) Witnesses or Notary Public Recommended
Other Versions
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