45-6-205. Designation of agent.
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/nm/chapter-45-uniform-probate-code/article-6-nonprobate-transfers/45-6-205·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. 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.
B. 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.
C. Death of the sole party or last surviving party terminates the authority of an agent.
History: 1978 Comp., § 45-6-205, enacted by Laws 1992, ch. 66, § 22; 2011, ch. 124, § 84.