Common use of Xxxxxx of Attorney Clause in Contracts

Xxxxxx of Attorney. A power of attorney gives a party you designate the authority to access your Accounts, act as your attorney-in- fact, and handle your affairs on your behalf while you are alive. We reserve the right to only honor a powerof attorney affecting the Account if we are satisfied of the legality and/or authenticity of the form and content of the power of attorney, related certification, and any other information or documentation. The determination to accept or reject the information or documentation will be in our sole good-faith discretion, without any liability to BECU, and may be subject to change from time to time depending on the circumstances. All Account Holders are bound by any actions taken by the attorney-in-fact in connection with the Account. Unless stated in the power of attorney, your attorney-in-fact cannot: 1. Change or alter Account ownership; 2. Add or delete a beneficiary from the Account; 3. Empower others to act on the Primary Account Xxxxxx’s behalf; and 4. Any attorney-in-fact appointed by you is subject to this Agreement and must satisfy BECU membership requirements and conform to BECU’s Code of Conduct as published on our website. At our option, we may in good faith and without liability honor instructions given by someone else purporting to act for any Primary Account Holder and Joint Account Holder under a power of attorney. If we have reason to believe your attorney-in-fact is, or will be, in violation of this Agreement or our Code of Conduct we reserve the right to close your Accounts without prior notice to your or your attorney-in-fact.