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Apr212021

What's New? NYS POA Rules Change in June

DateWednesday, April 21, 2021 at 11:52AM by AuthorBanking Spectrum

On December 15, 2020, Governor Andrew Cuomo signed into law amendments changing New York’s General Obligations Law governing powers of attorney (“POA”). The new law is effective on June 13, 2021 and is intended to simplify the POA form language which is prone to improper execution. Read more in The Gold Book, NYS Power of Attorney section.

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