Legal definition of Statutory major gifts rider
Power Of Attorney Legal Terminology

Statutory major gifts rider

1
Statutory major gifts rider is a new term adopted by the NY Legislature in 2008. The Statutory major gifts rider (SMGR) must be a part of a valid NY Statutory Short Form of a Power of attorney.
It means a document by which the principal (a person executing a Power of attorney) may supplement a statutory short form power of attorney to authorize an agent to make major gift transactions and other transfers.
The use of the form set forth in subdivision ten of section 5-1514 of NY General Obligations Law.
A statutory major gifts rider and the statutory short form power of attorney it supplements must be read together as a single instrument.
Find a legal term by clicking on the first letter of a legal word or phrase:
Book of the Day in our Store
Share it on TwitterFacebook
Business Law and the Legal EnvironmentBusiness Law and the Legal Environment
by Jeffrey F. Beatty, Susan S. Samuelson
  • List Price: $399.95
  • Price: $349.95
  • You Save: $50.00 (13%)
from $96.99
View
Business Law: Text and Cases (THIRTEENTH EDITION)Business Law: Text and Cases (THIRTEENTH EDITION)
by Kenneth W. Clarkson, Roger LeRoy Miller, Frank B. Cross
  • List Price: $399.95
  • Price: $178.12
  • You Save: $221.83 (55%)
from $50.30
View
Lisa M StoneAttorney at LawPRACTICE AREA: Constitutional Law & Civil Rights, Litigation
Gregory W FallsAttorney at LawPRACTICE AREA: Real Estate Law, Bankruptcy Law, Business Law, Litigation
Mark A BankstonAttorney at LawPRACTICE AREA: Business Law, Litigation
New York Law Journal (registration)The New York State Bar Association this week renewed its call for the Legislature to simplify New York's power of attorney form; prevent banks, investment fi... more »
Lawyers.com Blog (blog)Q: My mother is 80 years old and showing signs of dementia. 14 years-ago a man lived in her house. Throughout those years my mother lived with uncertainty and anguish because this man is alcoholic. am vacationing in her house now. But the man ... more »
Lexology (registration)The granting of an "ongoing power of attorney" which allows the grantor to plan the grantor's own future through the appointment of a proxy who will manage the grantor's affairs on behalf of the grantor in the event that the grantor is not competent to ... more »
It's a free online legal dictionary search engine for definitions of legal terminology and legal words, legal abbreviations, and legal jargon you may meet when reading legal acts, law books, documents, legal forms and other legal content