NY Gen Oblig L § 5-1501B (2021)
2021 New York Laws GOB - General Obligations Article 5 - Creation, Definition and Enforcement of Contractual Obligations Title 15 - Statutory Short Form and Other Powers of Attorney for Financial and Estate Planning 5-1501B - Creation of a Valid Power of Attorney; When Effective.

§  5-1501B. Creation of a valid power of attorney; when effective.  1. To be valid, except as otherwise provided  in  section  5-1512  of  this title,  a  statutory  short  form  power of attorney, or a non-statutory power of attorney, executed in this state by a principal, must:  (a) Be typed or printed using letters which are legible  or  of  clear type  no less than twelve point in size, or, if in writing, a reasonable equivalent thereof.  (b) Be signed, initialed and dated by a principal with capacity, or in the name of such principal  by  another  person,  other  than  a  person designated   as  the  principal's  agent  or  successor  agent,  in  the principal's presence and at the principal's direction,  in  either  case with the signature of the person signing duly acknowledged in the manner prescribed  for  the acknowledgment of a conveyance of real property and witnessed by two persons who are not named in the instrument  as  agents or  as  permissible  recipients  of  gifts,  in  the manner described in subparagraph two of paragraph (a) of section 3-2.1 of the estate, powers and trusts law in the presence of the principal. The  person  who  takes the  acknowledgement  under  this paragraph may also serve as one of the witnesses. When a person signs at the direction of a principal he or she shall sign by writing or printing the principal's name, and printing and signing his or her own name.  (c) Be signed and dated by any agent acting on behalf of the principal with the  signature  of  the  agent  duly  acknowledged  in  the  manner prescribed  for  the  acknowledgment of a conveyance of real property. A power of attorney executed pursuant  to  this  section  is  not  invalid solely  because  there  has  been  a  lapse  of time between the date of acknowledgment of the signature of the principal and the date  or  dates of  acknowledgment of the signature or signatures of any agent or agents or successor agent or successor agents authorized to act  on  behalf  of the  principal  or because the principal became incapacitated during any such lapse of time.  (d) Substantially conform to the wording of the:  (1) "Caution to the Principal" in paragraph (a) of subdivision one  of section 5-1513 of this title; and  (2)  "Important  Information  for  the  Agent"  in  paragraph  (n)  of subdivision one of section 5-1513 of this title.   2. Insubstantial variation in the  wording  of  the  "Caution  to  the Principal" of paragraph (a) of subdivision one of section 5-1513 of this title  or  of the "Important Information for the Agent" of paragraph (n) of subdivision one of section 5-1513 of this title shall not  prevent  a power  of  attorney  from  being  deemed a statutory short form power of attorney or a non-statutory power of attorney.   3. (a) The date on which an agent's signature is acknowledged  is  the effective  date  of  the  power  of attorney as to that agent; provided, however, that if two or more agents are designated to act together,  the power  of  attorney  takes effect when all the agents so designated have signed such power of attorney with their signatures acknowledged.  (b) If the power of attorney states that  it  takes  effect  upon  the occurrence  of  a  date or a contingency specified in the document, then the power of attorney takes effect only when  the  date  or  contingency identified  in the document has occurred, and the signature of the agent acting on behalf of the principal has been acknowledged. If the document requires that a person or persons named or otherwise identified  therein declare,  in writing, that the identified contingency has occurred, such a declaration satisfies the requirement of this paragraph without regard to whether the specified contingency has occurred.   4. Nothing of this title shall be construed to bar the use or validity of any other or different form of power of attorney desired by a  person  other  than  a  principal  as  the  term principal is defined in section 5-1501 of this title.