California Probate Code

§ 4455

PROB § 4455 Effective Jan 1, 1995Div. 4.5 · Part 3 · Ch. 2

Statute text

In a statutory form power of attorney, the language granting power with respect to banking and other financial institution transactions empowers the agent to do all of the following:

(a)Continue, modify, and terminate an account or other banking arrangement made by or on behalf of the principal.

(b)Establish, modify, and terminate an account or other banking arrangement with a bank, trust company, savings and loan association, credit union, thrift company, industrial loan company, brokerage firm, or other financial institution selected by the agent.

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Legislative history

Added by Stats. 1994, Ch. 307, Sec. 16. Effective January 1, 1995.