Common use of Xxxxxx of Attorney Clause in Contracts

Xxxxxx of Attorney. We will recognize the authority of someone to whom you have given a valid power of attorney with regard to your account, provided the power of attorney is on file at the Bank, in effect, and on a form acceptable to the Bank. We may refuse to honor any power of attorney presented to us, or refuse to recognize a successor agent, even if the successor agent is named in a power of attorney that we have previously honored, unless state law requires otherwise. In addition, we may refuse to follow an agent’s instruction to make the agent a joint owner or a POD or ITF Beneficiary of an account, but we have no liability to anyone if we do so. We may rely on a power of attorney until we receive written notice that it has been revoked either from you or as a matter of law (e.g., your death).

Xxxxxx of Attorney. We will recognize the authority of authorityof someone to whom you have given a valid power of attorney with regard withregard to your account, provided the power of attorney is on file at the Bank, in effect, and on a form acceptable to the Bank. We may refuse to honor any power of attorney presented to us, or refuse to recognize a successor agent, even if the successor agent is named in a power of attorney that we have previously honored, unless state law requires otherwise. In addition, we may refuse to follow an agent’s instruction to make the agent a joint owner or a POD or PODor ITF Beneficiary of an account, but we have no liability to anyone if we do so. We may rely on a power of attorney until we receive written notice that it has been revoked either from you or as a matter of law (e.g., your death).