§ 3-9-208 — Banks and other financial institutions

Wyoming § 3-9-208

• Jurisdiction: Wyoming
• Title 03: Guardian and Ward
• Ch. 9: UNIFORM POWER OF ATTORNEY ACT
• Art. 2: AUTHORITY

Text

(a) Unless the power of attorney otherwise provides,
language in a power of attorney granting general authority with
respect to banks and other financial institutions authorizes the
agent to:
(i) Continue, modify and terminate an account or
other banking arrangement made by or on behalf of the principal;
(ii) Establish, modify and 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 agent;
(iii) Contract for services available from a
financial institution, including renting a safe deposit box or
space in a vault;
(iv) Withdraw by check, order, electronic funds
transfer or otherwise any money or property of the principal
deposited with or left in the custody of a financial
institution;
(v) Receive statements of account, vouchers, notices
and similar documents from a financial institution and act with
respect to the statements, vouchers, notices and similar
documents;
(vi) Enter a safe deposit box or vault and withdraw
or add to the contents;
(vii) Borrow money and pledge as security personal
property of the principal necessary to borrow the money or pay,
renew or extend the time of payment of a debt of the principal
or a debt guaranteed by the principal;
(viii) Make, assign, draw, endorse, discount,
guarantee and negotiate promissory notes, checks, drafts and
other negotiable or nonnegotiable paper of the principal or
payable to the principal or the principal's order, transfer
money, receive the cash or other proceeds of those transactions
and accept a draft drawn by a person upon the principal and pay
the draft when due;
(ix) Receive for the principal and act upon a sight
draft, warehouse receipt or other document of title whether
tangible or electronic or other negotiable or nonnegotiable
instrument;
(x) Apply for, receive and use letters of credit,
credit and debit cards, electronic transaction authorizations
and traveler's checks from a financial institution and give an
indemnity or other agreement in connection with letters of
credit;
(xi) Consent to an extension of the time of payment
with respect to commercial paper or a financial transaction with
a financial institution.