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POA vs. Authorized Signer

Does an attorney-in-fact under a Power of Attorney have more rights on an account than an authorized signer?


That's impossible to answer without seeing the power of attorney itself and the authorization language for the "authorized signer." It may be possible that an attorney-in-fact is somewhat more restricted, since the power of attorney creates a duty to act on behalf of the principal. That duty may not be part of the naming of an authorized signer.

Published on 10/16/06