Miss. Code § 81-14-377

Current through the 2024 Regular Session
Section 81-14-377 - Authority of power of attorney

A savings bank may continue to recognize the authority of an individual holding a power of attorney in writing to manage or to make withdrawals, either in whole or in part, from the deposit account of a customer or member until it receives written or actual notice of death, or of adjudication of incompetency of such member, or revocation of the authority of such individual holding such power of attorney. Payment by the savings bank to an individual holding a power of attorney prior to receipt of such notice shall be a total discharge of the savings bank's obligation as to the amount so paid.

Miss. Code § 81-14-377

Laws, 1992, ch. 489, § 97; reenacted without change, Laws, 1997, ch. 364, § 99; reenacted without change, Laws, 2001, ch. 457, § 99, eff. 7/1/2001.