§ 53C‑6‑11.  Powers of attorney; notice of revocation; payment after notice.

(a) Any bank may continue to recognize any act of an attorney‑in‑fact or other agent until the bank receives actual notice of the principal's death or a written notice of revocation signed by the principal who granted the authority or, in the case of a company, evidence satisfactory to the bank of the revocation. Payment by the bank to or at the direction of an attorney‑in‑fact or other agent before receipt of the notice is a total discharge of the bank's obligation as to the amount so paid.

(b) Notwithstanding that a bank has received written notice of revocation of the authority of an attorney‑in‑fact or other designated agent, a bank may, until 10 days after receipt of notice, pay any item made, drawn, accepted, or endorsed by the attorney‑in‑fact or agent prior to the revocation, provided that the item is otherwise properly payable. (2012‑56, s. 4.)