Current through L. 2024, ch. 259
Section 14-6205 - Designation of agent; authority; terminationA. By a writing signed by all parties, the parties may designate as an agent for all of the parties on the account a person who is not a party to the account.B. Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party, the agent's authority survives disability and incapacity. The agent may act for a party with disabilities or incapacitated party until the authority of the agent is terminated. The death of the sole party or last surviving party terminates the authority of an agent.Amended by L. 2014, ch. 215,s. 30, eff. 7/24/2014.