1. (a) An attorney in fact who acts with due care for the benefit of the principal is not liable or limited only because the attorney in fact:

   1. (1) also benefits from the act;
   2. (2) has individual or conflicting interests in relation to the property, care, or affairs of the principal; or
   3. (3) acts in a different manner with respect to the principal's and the attorney in fact's individual interests.

2. (b) A gift, bequest, transfer, or transaction is not presumed to be valid or invalid if the gift, bequest, transfer, or transaction:

   1. (1) is:

      1. (A) made by the principal taking action; and
      2. (B) not made by an attorney in fact acting for the principal under a power of attorney; and
   2. (2) benefits the principal's attorney in fact.

As added by P.L.149-1991, SEC.2. Amended by P.L.238-2005, SEC.52.