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.
Michigan 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 process ensures convenience and efficiency when it comes to managing financial transactions. The Michigan Signature Authorization serves as proof that the depositor has authorized an attorney to act on their behalf in signing important documents related to their cardholder account. It safeguards the rights and interests of the depositor while granting the attorney the power to carry out their duties. The following are different types of Michigan Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor: 1. General Signature Authorization: This type of authorization grants an attorney the authority to sign on behalf of the depositor for a wide range of transactions, including but not limited to bank account management, credit card applications, loan agreements, and purchase authorizations. 2. Limited Signature Authorization: In certain cases, a depositor may grant limited authorization to an attorney, indicating specific types of transactions that can be signed on their behalf. This could be employed when the depositor wants to delegate certain responsibilities, such as bill payment or check signing, while still maintaining control over other financial matters. 3. Business Signature Authorization: A business or corporate entity may grant a power of attorney to an attorney or representative to sign on behalf of the organization. This authorization empowers the attorney to handle various financial matters, contractual agreements, and other significant legal documents related to the company's operations. 4. Estate Signature Authorization: When managing the affairs of an incapacitated or deceased individual, the estate executor or administrator may be authorized to sign on the depositor's behalf. This authorization may be required to handle financial matters, such as closing accounts, distributing assets, or settling outstanding debts. Regardless of the specific type, a Michigan Signature Authorization — Card Authorizing Attorney to Sign Signature of Depositor is a crucial legal document that ensures seamless financial transactions even when the depositor is unable or unavailable to sign personally. It is important to seek professional legal advice when preparing or executing such an authorization to ensure compliance with Michigan state laws.
