Section 143 Property and Conveyancing Law of the Western Region of Nigeria 1959

Section 143 of the Property and Conveyancing Law of the Western Region of Nigeria 1959 is about Effect of irrevocable power of attorney for value. It provides as follows:

(1) If a power of attorney given for valuable consideration is in the instrument
creating the power expressed to be irrevocable, then, in favour of a purchaser
(i) The power shall not be revoked at any time, either by anything done by the donor
of the power without the concurrence of the donee of the power, or by the death,
disability or bankruptcy of the donor of the power; and

(ii) Any act done at any time by the donee of the power in pursuance of the power
shall be as valid as if anything done by the donor of the power without the
concurrence of the donee of the power, or the death, disability or bankruptcy of the
donor of the power, had not been done or happened; and

(iii) Neither the donee of the power nor the purchaser shall at any time be
prejudicially affected by notice of anything done by the donor of the power without
the concurrence of the donee of the power, or of the death, disability or bankruptcy
of the donor of the power.

(2) This section applies to powers of attorney created by instruments executed after
the thirty-first day of December, eighteen hundred and ninety-nine.