Good for a financial power of attorney from online questions
LegalZoom
- Listed price
- Basic $39, Premium $49
- Checked
- Oct 6, 2026
We may be paid when you use partner links. Who pays us never changes what we show. How we make money
Updated October 22, 2026. Statute text read on nysenate.gov
Updated October 22, 2026
General Obligations Law 5-1511 says a principal can revoke by delivering a revocation to the agent in person, or by sending a signed and dated revocation by mail, courier, electronic transmission or facsimile to the agent's last known address. A revocation is not effective against the agent until the agent has received it, and not against a third party without actual notice. If the power of attorney was recorded, Real Property Law 326 requires the revocation to be recorded in the same office. This page reports the law as written. It is information, not legal advice.
New York State Senate, GOL 5-1511 and Real Property Law 326, read Oct 22, 2026. See source

Title 15 of Article 5 of the General Obligations Law runs from section 5-1501 to section 5-1513 on the State Senate's site (a page for 5-1514 returns 'The requested entry could not be found')6. The New York courts' Ask a Law Librarian service, on a page last updated May 29, 2026, says 'Termination and revocation procedure is described in General Obligations Law Section 1511' and does not give its own steps5. Section 5-1511 is titled 'Termination or revocation of power of attorney; notice'1.
Subdivision 1 lists when a power of attorney terminates. It opens 'A power of attorney terminates when:' and includes the death of the principal and 'a court order revokes the power of attorney as provided in section 5-1510 of this title'1. In our words, it also covers revocation by the principal and the other grounds the section lists; read the section for the full list.
Subdivision 2 deals with an agent's authority. It ends when the principal revokes, and it includes the ground that 'the agent's marriage to the principal is terminated by divorce or annulment', with an exception where the document says otherwise1.
Subdivision 3 is the revocation method. The principal can revoke in the way the document itself provides, or deliver the revocation to the agent in person, or send it by mail, courier, electronic transmission or facsimile to the agent's last known address. In our words, the section also says the agent must comply even where the principal's capacity is in doubt, unless the principal is under an Article 81 guardianship1.
Subdivision 6 adds that signing a new power of attorney does not by itself revoke an earlier one1. A document that is meant to replace an earlier one therefore has to say so or be paired with a revocation. Whether a particular document does is a question for a lawyer, not this page.
| Who | What the statute says | What it means in our words |
|---|---|---|
| The agent1 | A termination 'is not effective as to the agent until the agent has received a revocation' | Receipt is the trigger. In-person delivery counts as receipt; mailed or electronic notice counts as received within a reasonable time after sending |
| A bank or other financial institution1 | 'A financial institution is deemed to have actual notice' after a reasonable opportunity to act on written notice | The notice goes to the office where the account is held; until then the institution is treated as having no actual notice |
| Any other third party1 | A termination is 'not effective as to any third party who has not received actual notice of the termination' | A person who acts in good faith without actual notice is protected, and the principal and successors are bound by what that person did |
| Source | GOL 5-1511 subdivision 5Read Oct 22, 2026 | Our description of the sectionRead Oct 22, 2026 |
The right column is our plain-language description of the statute, not a quotation.
Real Property Law 294 lets an instrument containing a power to convey real property be recorded if it is 'acknowledged or proved, and certified' as a recorded conveyance must be, in the office of the recording officer of a county where the property is located4.
Real Property Law 326, titled 'Revocation to be recorded', says a recorded power 'is not deemed revoked by any act of the party by whom it was executed' unless the revocation is 'recorded in the same office in which the instrument containing the power was recorded'3. General Obligations Law 5-1511 subdivision 4 refers to both sections and to the State Technology Law for the form of the revocation1.
The statutes do not tell a reader which of these steps a particular power of attorney needs. Whether yours was recorded is a fact about your own document.
Section 5-1510, 'Special proceedings', lists who may begin a proceeding about a power of attorney, including the agent and the principal's spouse, child or parent, and covers a proceeding 'to remove the agent upon the grounds that the agent has violated' the agent's fiduciary duties2. Where a power of attorney 'is suspended or revoked under this section', the court may require the agent to provide records and deliver property2. The text we read refers to 'the court' without naming which court2.
A court order is one of the grounds on which 5-1511 says a power of attorney terminates1. Court procedure, fees and forms are outside this page; the Unified Court System's pages and a New York lawyer are the sources for those.
Step 1
Subdivision 3 first allows revocation by following the terms of the power of attorney itself. Check the document for a revocation clause1.
Step 3
By mail, courier, electronic transmission or facsimile to the agent's last known address; receipt is treated as within a reasonable time after sending1.
Step 4
The statute treats an institution as having actual notice after a reasonable opportunity to act on written notice at the office where the account is held1.
Step 5
Real Property Law 326 says the revocation must be recorded in the office where the power of attorney was recorded3.
Section 5-1511 subdivision 3, as we read it on October 22, 2026, names delivery in person and a 'signed and dated' revocation sent by mail, courier, electronic transmission or facsimile; the part we read does not mention a notary or witnesses1. The execution rules in 5-1501B for creating a power of attorney are on our New York requirements page. Whether a lender or title company will want more is that company's rule, not the statute's.
Real Property Law 326 says it 'is not deemed revoked by any act of the party by whom it was executed' unless the revocation is recorded 'in the same office' where the power was recorded3.
Not against the agent: a termination 'is not effective as to the agent until the agent has received a revocation'1. Not against a third party who has had no actual notice1.
Subdivision 6 says 'The execution of a power of attorney does not revoke any power of attorney previously executed by the principal'1.
Subdivision 2 lists the termination of the agent's marriage to the principal by divorce or annulment as a ground, unless the document says otherwise1. The section has further wording on remarriage; read it for the exact rule.
No. It reports what the statutes and the courts' library page say on the date read. For a particular document, speak to a lawyer licensed in New York.
These services sell new documents. A new document does not by itself revoke an earlier one (see subdivision 6 above).
Good for a financial power of attorney from online questions
Good for a power of attorney or revocation form built from a New York questionnaire
We may be paid when you use partner links on this page.
We may be paid when you buy through links on this page.
Prices, plans and document terms belong to each service and can change. The service's own page is the final word on price, availability and terms.
WillWise Guide is not a law firm, does not give legal advice and does not match anyone with a lawyer. For advice about your situation, speak to a lawyer licensed in your state.