Texas Estates Code

§ 752.106 — BANKING AND OTHER FINANCIAL INSTITUTION TRANSACTIONS

ES § 752.106Title 2. ESTATES OF DECEDENTS; DURABLE POWERS OF ATTORNEY · Part P. DURABLE POWERS OF ATTORNEY · Ch. 752. STATUTORY DURABLE POWER OF ATTORNEY · Art. C. CONSTRUCTION OF POWERS RELATED TO STATUTORY DURABLE POWER OF ATTORNEY

Statute text

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The language conferring authority with respect to banking and other financial institution transactions in a statutory durable power of attorney empowers the attorney in fact or agent to:

(1)continue, modify, or terminate an account or other banking arrangement made by or on behalf of the principal;

(2)establish, modify, or terminate an account or other banking arrangement with a bank, trust company, savings and loan association, credit union, thrift company, brokerage firm, or other financial institution selected by the attorney in fact or agent;

(3)rent a safe deposit box or space in a vault;

(4)contract to procure other services available from a financial institution as the attorney in fact or agent considers desirable;

(5)withdraw by check, order, or otherwise money or property of the principal deposited with or left in the custody of a financial institution;

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 823 (H.B. 2759), Sec. 1.01, eff. January 1, 2014.