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Power Of Attorney--To Draw, Accept, And Endorse Negotiable In
POWER OF ATTORNEY--TO DRAW, ACCEPT, AND ENDORSE NEGOTIABLE INSTRUMENTS
The undersigned, [Name of the undersigned], of [address of the undersigned], [city of the undersigned], [state of the undersigned], hereby designates [Name of attorney] as [his or her] attorney in fact to represent the undersigned: (1) in maintaining an account with [Name of bank], of [address of bank], [city of bank], [state of bank]; (2) in drawing negotiable instruments on this account, regardless of whether the account at the time of the presentation or honoring of the negotiable instrument is in credit to the full amount of the negotiable instrument; (3) in accepting all negotiable instruments drawn on the undersigned; (4) in indorsing and delivering for deposit with or collection by [bank] all negotiable instruments; (5) and in doing everything that needs to be done as fully as the undersigned could do if personally present, with full power of substitution, to satisfy all that [attorney in fact], or any lawfully appointed substitute, can do or cause to be done by virtue of [his or her] appointment. [Bank] is authorized to pay all negotiable instruments and to receive all negotiable instruments in payment from any holder, without inquiring as to the circumstances of the issue or the disposition of the proceeds of the negotiable instruments, whether drawn to the individual order of [attorney in fact], or any substitute for [attorney in fact], as payee, or indorsed to [attorney in fact] as indorsee, or tendered in payment of the individual obligations of [attorney in fact], or otherwise.
The following is an exemplar of the signature of [attorney in fact]: .
This power of attorney may be revoked only by notice in writing signed by the undersigned and delivered to [Name of bank], at [address of bank], [city of bank], [state of bank]. If this power of attorney is terminated by operation of law or if any substitution is revoked without notice to [Name of bank], the undersigned, to induce [Name of bank] to act, agrees to indemnify [bank] from any loss suffered or liability incurred by [Name of bank] in acting under this power of attorney, until a notice of revocation of this power of attorney has been delivered to [Name of bank].
Dated:
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