Applicability of chapter
Sec. 1. This chapter applies to a contract, agreement, provision,
or stipulation that:
(1) gives a person a power of attorney or authority as attorney
for the maker or endorser of the instrument in the name of the
debtor to:
(A) appear in any court of record; and
(B) waive the service of process in an action to enforce
payment of money claimed to be due on the instrument;
(2) authorizes or purports to authorize an attorney or agent,
however designated, to confess judgment on the instrument for
a sum of money to be ascertained in a manner other than by
action of the court upon a hearing after notice to the debtor,
whether with or without an attorney fee; or
(3) authorizes or purports to authorize an attorney described in
subdivision (1) or (2) to:
(A) release errors and the right of appealing from a judgment
described in subdivision (1) or (2); or
(B) consent to the issue of execution on the judgment.
As added by P.L.1-1998, SEC.50.
Last modified: May 24, 2006