If the person or person who authorized you to act as agent (authorized signer or attorney-in-fact) on the account is still alive, and your authority has not been canceled, you are authorized to close the account. The Uniform Commercial Code gives that authority to any signer on the account.
BankingQuestions.com is a free service made possible by the generous support of our advertisers. Advertisers are not responsible for site content. Please help us keep BankingQuestions.com FREE by supporting our advertisers. When you see an ad for a product or service you may have an interest in, click through to learn more.
Accounts
Article
Q&A
Podcast
Video
Blog
Discussions
PDF
Powerpoint
If the person or person who authorized you to act as agent (authorized signer or attorney-in-fact) on the account is still alive, and your authority has not been canceled, you are authorized to close the account. The 