(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.
Minn. Stat. § 523.03
1984 c 603 s 5; 1992 c 548 s 8; 2004 c 146 art 3 s 39