Irevocable power of attorney

Querist : Anonymous (Querist) 16 December 2011 This query is : Resolved
Dear Sir

A power of attorney is effective till the executor of it is alive.

A property is sold through irrevocable power of attorney for consideration. It has been duly registered in the office of sub registerar office and full stamp duty on the value of the property has been paid.The said POA contains a specific averment that it is irrevocable and that the executor has received the consideration in full.

Now, pl. let me know what will be the position if the executor of the said irrevocable POA died and how it will be effective after the death of its executor.

If it will be effective after death of its executor, how? and what is the legal basis for it.

Hope i will find some solutions from your side.

Thnks.

Alok

Follow Query

Report Abuse

Shailesh Kr. Shah (Expert) 16 December 2011
Dear Mr.Alok
answer is :-

"read first line of your query".

ajay sethi (Expert) 16 December 2011
after death of executor power of attorney ceases to be in operation

VENKATESH HEGDE (Expert) 16 December 2011
"A power of attorney is effective till the executor of it is alive." :)

Raj Kumar Makkad (Expert) 16 December 2011
Nothing can be done now. Keeping in view such practical problems, Hon'ble Supreme Court in a recent judgment has held that no transfer of immovable property now onwards shall take place on the basis of POA.

Previous

Next

You need to be the querist or approved LAWyersclub expert to take part in this query .

Click here to login now