1204wa

    On page 9 of the printed bill, delete lines 2 to 4, inclusive, and insert "Unless the power of attorney otherwise provides, an agent who is an individual is entitled to reimbursement of expenses reasonably incurred on behalf of the principal, but not to compensation. If a power of attorney provides for compensation or if the agent is a bank or trust company authorized to administer trusts in South Dakota, the compensation shall be reasonable under the circumstances.".

    On page 31, delete lines 4 to 7, inclusive, and insert:
"

            (i)    The principal's minor children;

            (ii)    The principal's adult children who are pursuing a postsecondary school education and are under the age of twenty-five;

            (iii)    The principal's parents or the parents of the principal's spouse, if the principal had established a pattern of such payments; and

            (iv)    Any other individual legally entitled to be supported by the principal;".