NY Bar calls new state proxy legislation a “large win”
Law360 (Dec 16, 2020, 10:09 p.m. EST) – New York Governor Andrew M. Cuomo signed new law Tuesday that streamlines the handling of proxy forms. The New York State Bar Association called this a huge win for local residents and their members because it is more likely that the forms will not be rejected due to harmless errors or omissions.
The new law requires banks and others to accept a power of attorney form if it is substantially in line with the new law rather than requiring the exact language of the law.
According to Wednesday’s announcement by the state bar association announcing the new law, the power of attorney forms …
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