Haynes and Boone's Newsroom
New York Adopts Changes to Power of Attorney Law
09/25/2009
Rick A. Werner
Effective September 1, 2009, the State of New York changed the requirements regarding Powers of Attorney executed by individuals in New York. As currently written, the changes affect Powers of Attorney obtained by corporations, trusts, joint ventures, partnerships, limited liability companies, and other types of entities from their corporate officers. It does not affect Powers of Attorney executed by entities such as corporations, trusts, joint ventures, partnerships or limited liability companies.
The Haynes and Boone Securities/Capital Markets and Investment Funds Practice Groups have prepared a news alert summarizing and discussing the changes to the power of attorney law in New York.
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