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California Probate Code

§ 4455

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

Legislative history

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

Source: California Probate Code § 4455 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.