(1) Upon the application of the donor or the donee of a power of attorney which contains any power to dispose of any interest in land, such power of attorney shall be entered in the register of powers of attorney and the original or with the consent of the Registrar a copy thereof certified by the Registrar, shall be filed in the file of powers of attorney.
(2) Every such power of attorney shall be in notarial form or such other form as the Registrar may in any particular case approve and shall be executed and verified in accordance with the Civil Code.
(3) The donor of a power of attorney filed in accordance with the provisions of subsection (1) may at any time give notice to the Registrar in the prescribed form that the power has been revoked, and thereupon the revocation shall be entered in the register of powers of attorney and noted upon the power, and the notice shall be filed in the file of powers of attorney.
(4) Any interested person may give notice in writing to the Registrar that a power of attorney which has been registered under subsection (1) has been revoked by the death, bankruptcy or disability of the donor or the death or disability of the donee, accompanied by such evidence as the Registrar requires, and thereupon the revocation shall be entered in the register of powers of attorney and noted upon the power, and the notice shall be filed in the file of powers of attorney.
(5) Subsections (3) and (4) do not apply to a power of attorney given for consideration during any time during which it is, by virtue of the terms thereof, irrevocable.
(6) If owing to the length of time since the execution of a power of attorney or for any other reason the Registrar considers it desirable, he or she may require evidence that the power has not been revoked, and may refuse to register any disposition by the donee of the power of attorney until satisfactory evidence is produced.