Common use of APPOINTMENT OF AN AGENT Clause in Contracts

APPOINTMENT OF AN AGENT. We may provide you with a power of attorney form for you to use in appointing someone (an agent) to sign on your account on your behalf. You shall be bound by and responsible for the actions of your agent, even if the agency relationship is not indicated on the check, withdrawal order or other instruction. If you choose to use a power of attorney form other than one provided by us, we may not accept it. The best way to determine whether we will recognize a power of attorney is for you to bring the power of attorney form and your agent into our office so we can review the form and determine if we will recognize and act upon the form you present. This account may not be transferred or assigned without our prior written consent. The authorized signatures for an account are those persons reflected on the signature card, a resolution or another separate written authorization relating to the account in a form acceptable to us. We are authorized to act on those signatures, but we will not be liable for refusing to honor items or signed instructions regarding an account if we believe in good faith that the signatures appearing on such items or instructions are not genuine. Furthermore, you may inadvertently give another person authority over your account by your conduct or by your failure to act. For example, if you give information about your account (such as the Bank’s routing number and/or your account number) to another party, any item presented against your account by that party is deemed to have been authorized by you.