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S05983 Summary:
| BILL NO | S05983 |
| SAME AS | SAME AS A06456 |
| SPONSOR | HELMING |
| COSPNSR | BOYLE |
| MLTSPNSR | |
| Add §§9-x & 9-y, 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. | |