If a person acting, or purporting to act, as a representative signs an instrument by signing either the name of the represented person or the name of the signer, the represented person is bound by the signature to the same extent the represented person would be bound if the signature were on a simple contract. If the represented person is bound, the signature of the representative is the authorized signature of the represented person, and the represented person is liable on the instrument, whether or not identified in the instrument.
Arkansas Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor is a legal document that grants an attorney the authority to sign the signature of the depositor on various financial transactions in Arkansas. This particular authorization form ensures that the attorney has the power to act on behalf of the depositor, especially when the depositor is unable or unavailable to sign personally. The Arkansas Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor is used in situations where the depositor may require assistance due to physical inability, extended absence, or any other legitimate reason. By granting this authority to an attorney, the depositor ensures that their financial affairs can continue smoothly and without interruption in their absence. Keywords: Arkansas, Signature Authorization, Card Authorizing Attorney, Signature of Depositor, legal document, financial transactions, authority, assist, physical inability, extended absence, financial affairs. Different types of Arkansas Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor may include: 1. General Signature Authorization: This type of authorization grants the attorney the broadest powers, allowing them to sign on behalf of the depositor for various financial transactions. 2. Limited Signature Authorization: In this case, the attorney is authorized to sign and handle specific financial transactions or limited types of documents on behalf of the depositor. 3. Temporary Signature Authorization: This authorization is time-limited and becomes valid only for a specified duration. It is useful when the depositor's absence or incapacity is expected to be temporary. 4. Permanent Signature Authorization: This type of authorization grants the attorney ongoing authority to sign on behalf of the depositor without any time restrictions. It is commonly used in cases where the depositor has a persistent physical disability or an ongoing need for assistance with financial matters. 5. Revocable Signature Authorization: This type of authorization allows the depositor to revoke the attorney's power to sign their signature at any time. It offers flexibility and control over the authorization. 6. Irrevocable Signature Authorization: In this case, the attorney's authority to sign the signature of the depositor cannot be revoked by the depositor. This type of authorization is typically used in highly specific circumstances and requires careful consideration. It is essential to consult an attorney or legal professional when preparing an Arkansas Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor to ensure it meets all legal requirements and accurately reflects the depositor's intentions.
