72-6-205. Designation of agent.
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/mt/title-72/chapter-6/part-2/72-6-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
72-6-205 . Designation of agent.
(1)By a writing signed by all parties, the parties may designate as agent of all parties on an account a person other than a party.
(2)Unless the terms of an agency designation provide that the authority of the agent terminates on disability or incapacity of a party, the agent's authority survives disability and incapacity. The agent may act for a disabled or incapacitated party until the authority of the agent is terminated.
(3)Death of the sole party or last-surviving party terminates the authority of an agent.