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S02601 Summary:

BILL NOS02601
 
SAME ASNo Same As
 
SPONSORHELMING
 
COSPNSR
 
MLTSPNSR
 
Add 9-y & 9-z, Bank L
 
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.
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