7-1-610. Attorney-in-fact as to savings account -- Institution immune from liability.
94 words·~1 min read·
/ut/title-7/chapter-1/7-1-610A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/7/2025
7-1-610. Attorney-in-fact as to savings account -- Institution immune from liability.
Any depository institution may continue to recognize the authority of an attorney-in-fact authorized in writing to manage or to make withdrawals either in whole or in part from the savings account of a holder, whether minor or adult, until it is on actual notice of the revocation of the authority of the attorney-in-fact. No such institution shall be liable for damages, penalty, or tax by reason of any payment made under this section.
Amended by Chapter 302 , 2025 General Session