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What is Overview of Powers of Attorney Act 2012 about?

The Powers of Attorney Act, 2012 replaces the 1882 law to modernize and expand the legal framework surrounding powers of attorney, including provisions for irrevocable powers and dispute resolution. Key sections define various types of powers of attorney, stipulate registration requirements, and outline conditions for revocation and validity, particularly in relation to joint donors and donees. The Act emphasizes the importance for bankers to understand these legal nuances to avoid financial and reputationa

Author

Syed Ariful Islam Emon

Language

EN