Common use of POWER OF ATTORNEY ACCOUNT Clause in Contracts

POWER OF ATTORNEY ACCOUNT. A power of attorney is a document you sign that authorizes a person of your choosing, (they are typically referred to as the “agent”) to perform certain functions for you as you designate. This includes managing your Accounts. You must provide a power of attorney form in accordance with applicable law. We may refuse a request from an agent if we believe the agent does not have the authority pursuant to applicable law. We also have the right to refuse access to the Account for suspected fraud, abuse or other mishandling of your funds. The agent must notify us promptly upon the death of the Owner. Upon death of the Owner, the agent no longer has the right to access and perform transactions on the Account.