Unless the power of attorney otherwise provides, language in a power ofattorney granting general authority with respect to banks and other financialinstitutions authorizes the agent to:
1. Continue, modify, and terminate an account or other banking arrangementmade by or on behalf of the principal;
2. Establish, modify, and terminate an account or other banking arrangementwith a bank, trust company, savings and loan association, credit union,thrift company, brokerage firm, or other financial institution selected bythe agent;
3. Contract for services available from a financial institution, includingrenting a safe deposit box or space in a vault;
4. Withdraw, by check, order, electronic funds transfer, or otherwise, moneyor property of the principal deposited with or left in the custody of afinancial institution;
5. Receive statements of account, vouchers, notices, and similar documentsfrom a financial institution and act with respect to them;
6. Enter a safe deposit box or vault and withdraw or add to the contents;
7. Borrow money and pledge as security personal property of the principalnecessary to borrow money or pay, renew, or extend the time of payment of adebt of the principal or a debt guaranteed by the principal;
8. Make, assign, draw, endorse, discount, guarantee, and negotiate promissorynotes, checks, drafts, and other negotiable or nonnegotiable paper of theprincipal or payable to the principal or the principal's order, transfermoney, receive the cash or other proceeds of those transactions, and accept adraft drawn by a person upon the principal and pay it when due;
9. Receive for the principal and act upon a sight draft, warehouse receipt,or other document of title whether tangible or electronic, or othernegotiable or nonnegotiable instrument;
10. Apply for, receive, and use letters of credit, credit and debit cards,electronic transaction authorizations, and traveler's checks from a financialinstitution and give an indemnity or other agreement in connection withletters of credit; and
11. Consent to an extension of the time of payment with respect to commercialpaper or a financial transaction with a financial institution.
Unless the power of attorney otherwise provides, language in a power ofattorney granting general authority with respect to banks and other financialinstitutions authorizes the agent to:
1. Continue, modify, and terminate an account or other banking arrangementmade by or on behalf of the principal;
2. Establish, modify, and terminate an account or other banking arrangementwith a bank, trust company, savings and loan association, credit union,thrift company, brokerage firm, or other financial institution selected bythe agent;
3. Contract for services available from a financial institution, includingrenting a safe deposit box or space in a vault;
4. Withdraw, by check, order, electronic funds transfer, or otherwise, moneyor property of the principal deposited with or left in the custody of afinancial institution;
5. Receive statements of account, vouchers, notices, and similar documentsfrom a financial institution and act with respect to them;
6. Enter a safe deposit box or vault and withdraw or add to the contents;
7. Borrow money and pledge as security personal property of the principalnecessary to borrow money or pay, renew, or extend the time of payment of adebt of the principal or a debt guaranteed by the principal;
8. Make, assign, draw, endorse, discount, guarantee, and negotiate promissorynotes, checks, drafts, and other negotiable or nonnegotiable paper of theprincipal or payable to the principal or the principal's order, transfermoney, receive the cash or other proceeds of those transactions, and accept adraft drawn by a person upon the principal and pay it when due;
9. Receive for the principal and act upon a sight draft, warehouse receipt,or other document of title whether tangible or electronic, or othernegotiable or nonnegotiable instrument;
10. Apply for, receive, and use letters of credit, credit and debit cards,electronic transaction authorizations, and traveler's checks from a financialinstitution and give an indemnity or other agreement in connection withletters of credit; and
11. Consent to an extension of the time of payment with respect to commercialpaper or a financial transaction with a financial institution.
Unless the power of attorney otherwise provides, language in a power ofattorney granting general authority with respect to banks and other financialinstitutions authorizes the agent to:
1. Continue, modify, and terminate an account or other banking arrangementmade by or on behalf of the principal;
2. Establish, modify, and terminate an account or other banking arrangementwith a bank, trust company, savings and loan association, credit union,thrift company, brokerage firm, or other financial institution selected bythe agent;
3. Contract for services available from a financial institution, includingrenting a safe deposit box or space in a vault;
4. Withdraw, by check, order, electronic funds transfer, or otherwise, moneyor property of the principal deposited with or left in the custody of afinancial institution;
5. Receive statements of account, vouchers, notices, and similar documentsfrom a financial institution and act with respect to them;
6. Enter a safe deposit box or vault and withdraw or add to the contents;
7. Borrow money and pledge as security personal property of the principalnecessary to borrow money or pay, renew, or extend the time of payment of adebt of the principal or a debt guaranteed by the principal;
8. Make, assign, draw, endorse, discount, guarantee, and negotiate promissorynotes, checks, drafts, and other negotiable or nonnegotiable paper of theprincipal or payable to the principal or the principal's order, transfermoney, receive the cash or other proceeds of those transactions, and accept adraft drawn by a person upon the principal and pay it when due;
9. Receive for the principal and act upon a sight draft, warehouse receipt,or other document of title whether tangible or electronic, or othernegotiable or nonnegotiable instrument;
10. Apply for, receive, and use letters of credit, credit and debit cards,electronic transaction authorizations, and traveler's checks from a financialinstitution and give an indemnity or other agreement in connection withletters of credit; and
11. Consent to an extension of the time of payment with respect to commercialpaper or a financial transaction with a financial institution.
