Connecticut General Statutes > Chapter 7a – Durable Power of Attorney Bank Accounts
Current as of: 2023 | Check for updates
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| § 1-56a | Definitions |
| § 1-56b | Form. Authority. Liability of financial institution |
Terms Used In Connecticut General Statutes > Chapter 7a - Durable Power of Attorney Bank Accounts
- another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
- Attorney-in-fact: A person who, acting as an agent, is given written authorization by another person to transact business for him (her) out of court.
- Contract: A legal written agreement that becomes binding when signed.
- Deposit account: includes a share account of a savings and loan association. See Connecticut General Statutes 1-1
- Fiduciary: A trustee, executor, or administrator.
- Fraud: Intentional deception resulting in injury to another.
- Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. Source: OCC
- Statute: A law passed by a legislature.