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S02601 Summary:
BILL NO | S02601 |
  | |
SAME AS | No Same As |
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SPONSOR | HELMING |
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COSPNSR | |
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MLTSPNSR | |
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Add 9-y & 9-z, Bank L | |
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Requires all banking institutions in the state to accept a statutory short form power of attorney and powers of attorney which survive disability or incompetence; references existing provisions relating to powers of attorney in the general obligations law; holds banks harmless for such acceptance unless they have actual written notice of revocation or termination. |