Powers of attorney: when will the power terminate if stated to be irrevocable and satisfies section 4(1) of the Powers of Attorney Act 1971, but includes an expiry date? | Practical Law

Powers of attorney: when will the power terminate if stated to be irrevocable and satisfies section 4(1) of the Powers of Attorney Act 1971, but includes an expiry date? | Practical Law

We asked James Egan, James Poole and James Kirby of Ten Old Square whether, where an ordinary power of attorney is expressed to be irrevocable and meets the requirements of section 4(1) (Powers of attorney given as security) of the Powers of Attorney Act 1971, but the power also contains a specified expiry date, the power will terminate on the specified date even though the relevant proprietary interest or obligation it secures remains undischarged.

Powers of attorney: when will the power terminate if stated to be irrevocable and satisfies section 4(1) of the Powers of Attorney Act 1971, but includes an expiry date?

by James Egan, James Poole and James Kirby, Ten Old Square
Law stated as at 28 Jul 2020 • England, Wales
We asked James Egan, James Poole and James Kirby of Ten Old Square whether, where an ordinary power of attorney is expressed to be irrevocable and meets the requirements of section 4(1) (Powers of attorney given as security) of the Powers of Attorney Act 1971, but the power also contains a specified expiry date, the power will terminate on the specified date even though the relevant proprietary interest or obligation it secures remains undischarged.