New Zealand Legislation: Acts

74 Termination of agency

• (1) If a power of attorney is revoked or suspended, or if for any reason the donee of a power of attorney ceases to act under it, written notice of that fact shall forthwith be given, to the Secretary of the District Law Society in every district in which the practice was last conducted, by—

  • (a) The donor if he is capable of doing so; and

  • (b) The donee if he is capable of doing so; and

  • (c) Any other person who revokes or suspends the power of attorney.

  (2) If the donee of any power of attorney ceases to act under it while he is capable of so acting, he shall continue to observe and comply with the requirements of the Council of the District Law Society in every district in which the practice was conducted, and shall be personally responsible for the observance of this Act and of all rules and regulations made under this Act, until the power of attorney is revoked or suspended or the donee is released by resolution passed by every such District Council.

  (3) When any such District Council passes any such resolution, its Secretary shall forthwith give notice of it to—

  • (a) The auditor of the trust account of the solicitor to whose practice the power of attorney relates; and

  • (b) The bank where the trust account is kept.

  (4) No such release shall be given by any such District Council until it is satisfied by such proof as it requires that it is proper in all the circumstances to do so.

  (5) A power of attorney shall be revoked by operation of law when the solicitor to whose practice it relates commences practice in partnership with any other solicitor or solicitors.

  Compare: 1961 No 47 s 22; 1962 No 121 s 9