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<p class="MsoNormal">All,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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.
<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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. <o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">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?<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">Thanks,<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><b>Timothy C. Lehr<o:p></o:p></b></p>
<p class="MsoNormal">Attorney at Law<o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal">p: 360.855.0131<o:p></o:p></p>
<p class="MsoNormal">e: <a href="mailto:timothy@stileslaw.com">timothy@stileslaw.com</a><o:p></o:p></p>
<p class="MsoNormal">w: <a href="http://www.stileslaw.com/">www.stileslaw.com</a><o:p></o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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