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power of attorney
(redirected from Attorney-in-fact)

   Also found in: Dictionary/thesaurus, Legal, Financial, Encyclopedia, Wikipedia 0.01 sec.
power of attorney
Etymology: Fr, pouvoir + OFr, atorne, legal agent
a document authorizing one person to take legal actions on behalf of another, to act as an agent for the grantor. The legality of a power of attorney may be challenged if the grantor can be found to have been mentally incompetent at the time the authority was granted.


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But whereas a mutual insurance company is incorporated, the reciprocal insurance company is run by a management company, also referred to as an attorney-in-fact.
When a client names the lawyer drafting the document as attorney-in-fact or agent, such documents are usually closely scrutinized by the committee.
The court held, inter alia, that when an individual executes a POA, that individual "creates a fiduciary relationship [between that individual and] his attorney-in-fact governed by the laws of agency.
 
 
 
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