New York power of attorney forms must meet the requirements of New York's General Obligations Law, which was substantially revised in 2009. As a result of the changes in New York law, all power of attorney forms in New York must: (a) have a font no small than 12 points; (b) be signed and notarized by both the principal and agent; and (c) include certain cautionary language set forth in the New York statute. If using a pre-printed power of attorney, be sure that it contains the required NY statutory language.
A power of attorney form is a type of legal form that is commonly used for conducting basic personal and business transactions, including matters that relate to banking, loans and real estate transactions. In particular, a power of attorney authorizes a specifically designated third party (known as the "agent") to engage in certain tasks (e.g. banking transactions) on behalf of the person granting the power (the "principal").
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