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.
In Massachusetts, Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor is a legal document that grants an attorney the authority to sign on behalf of a depositor. This authorization allows the attorney to carry out various financial transactions or legal actions on behalf of the depositor. This authorization can be granted in different situations, including but not limited to: 1. Power of Attorney Signature Authorization: This type of Signature Authorization is typically used when a depositor becomes incapacitated or unable to handle their financial affairs. By granting an attorney the power of attorney, the depositor can ensure someone they trust will manage their finances effectively. 2. Transaction-Specific Authorization: In certain cases, a depositor may require an attorney to sign specific documents related to a particular transaction. For example, if a depositor is unable to physically attend the closing of a real estate transaction, they can grant their attorney the authority to sign on their behalf. 3. Estate Planning Authorization: When creating an estate plan, a depositor may choose to name an attorney as their authorized representative to carry out certain actions, such as signing checks or managing investments, on behalf of their estate or trust. 4. Business Authorization: In the business world, a Signature Authorization may be necessary when an attorney needs to sign contracts, agreements, or legal documents on behalf of a business or corporate entity. This is especially useful when the business owner or principal is unavailable or wishes to delegate such responsibilities to their attorney. Massachusetts Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor is a crucial legal instrument that ensures the smooth management of one's financial affairs, even in their absence or incapacity. It is important to consult with an experienced attorney to draft and execute such authorizations to ensure compliance with Massachusetts law and protect the interests of the depositor.
