New Power of Attorney Law Amendments

Friday, October 1, 2010 at 9:31AM
Banking Spectrum in Compliance, Operations

The NYS Power of Attorney laws that became effective September 1, 2009 were amended with a new law effective September 12, 2010.   The revisions to the power of attorney law are technical amendments and clarifications to certain sections of the law and the POA form to promote a better understanding of how the power of attorney (POA) rules work. Statutory short forms executed on or after September 12 must reflect the changes. Changes were also made to the Statutory Gifts Rider.

See Power of Attorney - New York Rules for additional information.

Article originally appeared on Banking Spectrum (https://www.bankingspectrum.com/).