[WSBAPT] Bank refusal to accept POA

[Timothy Lehr]

All,

I believe this was discussed on this listserv previously, but I hoping for some thoughts on a bank's refusal to accept a duly executed power of attorney. The principal solely owns a business that is winding down. The POA is trying to access and close a bank account owned by the principal's business. The bank is refusing and giving my client (the agent) the runaround.

The POA specifically addresses the agent's power to run the principal's business and perform business acts, and I've read RCW 11.125.310 in regard to agent's authority on the operation of a business. I've also read 11.125.200 on liability of a person's refusal to accept a valid POA.

Practically, what's the best way to approach this? Send a letter to the bank citing the RCW's and demanding acceptance? Start with a phone call?

Thanks,

Timothy C. Lehr
Attorney at Law

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p:   360.855.0131
e:   timothy at stileslaw.com<mailto:timothy at stileslaw.com>
w:  www.stileslaw.com<http://www.stileslaw.com/>

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