This Special Durable Power of Attorney for Bank Account Matters is intended to be used by an individual if he or she wishes his agent to handle bank account matters for him, including, making deposits, writing checks, opening accounts, etc. This Power of Attorney is intended to allow the individual to give only specific powers to the agent related to banking matters only.
Docstoc Legal Agreements This Special Durable Power of Attorney for Bank Account Matters is used by an individual to appoint an agent to handle bank account matters on behalf of the individual. Some of the powers granted to the agent include making deposits, writing checks, opening accounts, and authorizing withdrawals, but it can be customized to fit the specific needs of the individual. This power of attorney grants specific powers to the agent related to banking matters only. This document becomes effective when it is executed and remains in effect in the event of the principal's disability or incapacity. It should be used by individuals located in Delaware who wish to appoint an agent to handle only matters related to bank accounts. ® DISCLAIMERS: ALL INFORMATION AND FORMS ARE PROVIDED “AS IS” WITHOUT ANY WARRANTY OF ANY KIND, EXPRESS, IMPLIED, OR OTHERWISE, INCLUDING AS TO THEIR LEGAL EFFECT AND COMPLETENESS. 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All Rights Reserved SPECIAL DURABLE POWER OF ATTORNEY FOR BANK ACCOUNT MATTERS KNOW ALL MEN BY THESE PRESENTS: That I, ____________________________ [Instruction: Insert the name of principal] residing at _______________________________ [Instruction: Insert the address of principal] (hereinafter referred to as the “Principal”), being of sound mind and memory, do hereby make, constitute and appoint ____________________________ [Instruction: Insert the name of agent] residing at _________________________________ [Instruction: Insert the address of agent], as my true and lawful Agent (hereinafter referred to as the “Agent”), with full power and authority to act for me, individually, and in my name, place and stead, with reference to the transaction of any and all business related to or connected with my bank accounts at ____________________________ Bank [Instruction: Insert the name of bank] having its principal place of business at ____________________________ [Instruction: Insert the branch address of the bank], of County ____________________________ [Instruction: Insert the county], of State __STATE__, (hereinafter referred to as the “Bank”), including, but not limited to, the following: 1. Making deposits, transfers and withdrawals to or from any of my bank accounts at the Bank. 2. Writing, making and endorsing checks, drafts and other instruments in connection with my bank accounts at the Bank. 3. Opening new checking, savings, money market, certificates of deposit, IRA’s (Individual Retirement Arrangement) or other accounts in my name and maintaining same. 4. Approving and authorizing automatic withdrawals from my accounts. 5. Executing signature cards for accounts maintained or opened by the Agent in my name. 6. Paying bills and other obligations of me, and paying those bills on a current basis. 7. Managing my security holdings, and employing or discharging professional financial advisors and managers if the Agent believes it to be important. 8. Borrowing from time to time such sums of money as the Agent may deem fit and proper in order to meet obligations rather than liquidate assets at depressed prices and execute promissory notes, security deeds or agreements, financial statements or other security instruments in such form as the lender may request and renewing said notes and security instruments from time to time in whole or in part. [Instruction: Please remove this clause if you do not wish to grant power to Agent to borrow money.] 9. Having free access at any time or times to any safe deposit box or vault to which I might have access. © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 2 10. Performing any and all other matters relating to, or in connection with, my bank accounts at the Bank. I direct that the above-related powers and authority of the Agent shall be so exercisable and effective regardless of the fact that I may be mentally or physically incapacitated or incapable of understanding or unable to express myself or act in my own behalf at the time of any action on my behalf by the Agent. Such incapacity, whether mental or physical, that I may exhibit shall not in any way interfere with the authority of the Agent herein to act fully on my behalf according to the terms hereof. In other words, this Power of Attorney shall not be affected by my subsequent disability, incompetence or incapacity. And I do hereby undertake to ratify and confirm, all and singular, the acts heretofore performed and to be hereinafter performed by the Agent, acting in my name and on my behalf. The Bank shall honor this Power of Attorney until and unless the Bank receives written notice of revocation of same signed by me. The Bank is hereby indemnified and shall be held harmless by me for any and all actions taken by the Agent regarding my accounts at the Bank, regardless of whether within the intended scope of this Power of Attorney or not; therefore, the Bank shall have no liability for the actions of the Agent or for following the directions of the Agent in connection with my bank accounts at the Bank. IN WITNESS WHEREOF, I have executed this Power of Attorney on this _____ [Month] ______ [Date] 20___ ____________________________________ [Instruction: Insert signature of Principal] ______________________________________________ [Instruction: Insert typed/printed name of Principal] ____________________________________ [Instruction: Insert signature of Agent] ______________________________________________ [Instruction: Insert typed/printed name of Agent] © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 3 Signed sealed and delivered in the presence of: _____________________________________ [Instruction: Insert signature of Witness #1] _____________________________________________ _____________________________________________ [Instruction: Insert name and address of Witness #1] _____________________________________ [Instruction: Insert signature of Witness #2] _____________________________________________ _____________________________________________ [Instruction: Insert name and address of Witness #2] © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 4 ACKNOWLEDMENT State of __STATE__ County of __________________ I, the undersigned, a Notary Public in and for said County in said State, hereby certify that ______________________________, who is known to me, acknowledged before me on this day that, being informed of the contents of the instrument, he/she executed the same voluntarily on the day the same bears date Given under my hand and official seal this the ________ day of ________, ____. __________________________________ Notary Public My Commission Expires: ______________ (SEAL) © Copyright 2011 Docstoc Inc. registered document proprietary, copy not 5
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