Minnesota Code § 523.03

DEFINITIONS.
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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.

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