Oct 16, 2019 | Power of Attorney
Yes, the agent acting under a power of attorney has a fiduciary responsibility to act solely for the benefit of the principal. You also have a responsibility not to create a conflict of interest that would affect their ability to act impartially on behalf of the...
Apr 28, 2015 | Power of Attorney
A third person who improperly rejects a power of attorney is subject to: 1. A court order mandating acceptance of the power of attorney; and 2. Liability for damages, including reasonable attorney fees and costs, incurred in any action or proceeding...
Apr 24, 2015 | Power of Attorney
A third person who rejects a power of attorney for any reason other than as provided in paragraph (1)(a) must state in writing the reason for the rejection. (1) A third person is not required to accept a power of attorney if: (a) The third person is not otherwise...
Apr 23, 2015 | Power of Attorney
A third person may not require an additional or different form of power of attorney for authority granted in the power of attorney presented. Share this...
Apr 22, 2015 | Power of Attorney
A third person must accept or reject a power of attorney within a reasonable time. Four days, excluding Saturdays, Sundays, and legal holidays, are presumed to be a reasonable time for a financial institution or broker-dealer to accept or reject a power of attorney...
Apr 20, 2015 | Power of Attorney
1. Third persons who act in reliance upon the authority granted to an agent and in accordance with the instructions of the agent shall be held harmless by the principal from any loss suffered or liability incurred as a result of actions taken before the...
