§412:4-109  Checks drawn or transfers orwithdrawals made by authorized persons.  Whenever a deposit account holderhas authorized another person, whether as an agent, attorney-in-fact, officer,or in any other capacity, to draw checks on or make or order transfers orwithdrawals from the account, the financial institution, in the absence ofproper written notice to the contrary, shall be justified in presuming that anycheck drawn on the account or transfer or withdrawal made by or on the order ofthe authorized person in the form or manner authorized by the account contract,including payments, transfers or withdrawals made to or for the account andbenefit of the authorized person, was paid or made for a purpose authorized bythe account holder and within the scope of the authority conferred upon theauthorized person.  The death, disability or incapacity of the account holderdoes not revoke or terminate the authority granted by the holder as to thefinancial institution if, without actual knowledge of the death, disability orincapacity of the holder, the financial institution acts in good faith inaccordance with the authorization.  Any payment, transfer or withdrawal paid orallowed by the financial institution pursuant to this section shall release anddischarge the financial institution from any liability to any person for thefunds paid, transferred or withdrawn, and no action at law or equity may bemaintained against the financial institution for payment, transfer orwithdrawal in accordance with this section. [L 1993, c 350, pt of §1]