Minnesota Statutes

Minn. Stat. § 523.03 (2026)

Definitions

✓ current as of May 2026

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As used in this chapter:

(1) "incapacity" means cause for appointment of a guardian or conservator of an adult under sections 524.5-101 to 524.5-502;

(2) "principal" includes a guardian or conservator appointed for the principal at any time; and

(3) "power of attorney" means a validly executed power of attorney.

Notes of Decisions

Cited in 2 cases, 1983–2014 · leading case: MacArthur Co. v. Crea (In Re Crea), 31 B.R. 239 (Bankr. D. Minn. 1983).

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MacArthur Co. v. Crea (In Re Crea), 31 B.R. 239 (Bankr. D. Minn. 1983). “(1979); 3 Colliers § 523.03 (15th ed. 1982). Prior to the 1970 amendments to the Bankruptcy Act the question of discharge-ability of individual debts was within state court jurisdiction.”

CitiMortgage, Inc. a successor by merger to ABN AMRO Mortg. Grp., Inc. v. Sandra Lee Akers, William Lee Akers, 858 N.W.2d 788 (Minn. Ct. App. 2014). · cites it 12× “” Minn.Stat. § 523.03 (2012). The meaning of the phrase “validly executed power of attorney” is explained by another statute, which provides: A person who is a competent adult may, as principal, designate another person or an authorized corporation as the person’s…”

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