Code · Wisconsin · Chapter 705 — Multiple-party and agency accounts; nonprobate transfers at death; transfer on death security registration

705.05 Designation and powers of agent.

84 words·~1 min read·/wi/chapter-705/705-05

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)A party to an account, notwithstanding such party’s minority, or if the account has multiple parties, all of them acting in concert, may appoint one or more agents for purposes of making withdrawals from the account. The authority of an agent to make withdrawals from an account may be terminated by any party to the account upon written notice to the financial institution, and this shall not preclude a party’s liability for wrongful termination of such agency.