This section applies to an instrument executed with a view to creating a lasting power of attorney that—
appoints one person (“A”) as attorney; and
under section 103(1)(b) appoints two or more persons (“the replacement attorneys”) to replace A.
The instrument may provide that the replacement attorneys, if they replace A, are to act—
jointly;
jointly and severally; or
jointly in respect of some matters and jointly and severally in respect of others.
To the extent to which it does not specify whether they are to act jointly or jointly and severally, the instrument is to be treated as appointing them to act jointly.
Subsections (5) and (6) apply where, in relation to some but not all of the replacement attorneys, there is a failure to comply with a requirement of section 101 or Part 1 or 2 of Schedule 4.
To the extent that the replacement attorneys were appointed to act jointly, the appointment mentioned in subsection (1)(b) is of no effect.
To the extent that they were appointed to act jointly and severally, that appointment is to be treated as being an appointment of such of the replacement attorneys as respects whom there is no failure to comply with a requirement of section 101 or Part 1 or 2 of Schedule 4.