Current through 2024, ch. 69
Section 45-6-205 - Designation of agentA. By a writing signed by all parties, the parties may designate as agent of all parties on an account a person other than a party.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 disabled or incapacitated party until the authority of the agent is terminated.C. Death of the sole party or last surviving party terminates the authority of an agent.1978 Comp., § 45-6-205, enacted by Laws 1992, ch. 66, § 22; 2011, ch. 124, § 84.Amended by 2011, c. 124,s. 84, eff. 1/1/2012.