New Florida Law Affecting Notaries
A law in Florida has been amended to clarify that a notary may sign a power of attorney on behalf of a principal who is unable to sign by using the procedures in F.S. 117.05(14).
“Provides additional exceptions to applicability of specified power of attorney provisions; provides that an original power of attorney may recorded in official records; adds exceptions to provision that prohibits agent who has accepted appointment from delegating authority to third person; authorizes third person to require an agent to execute affidavit stating that agent’s authority was not terminated because of certain circumstances; revises form for affidavits; requires third person who rejects power of attorney for certain reasons to state reason for rejection in writing; provides for notice to broker-dealer; revises provisions relating to when notary may sign principal’s name to documents; clarifies that certain gift amounts are based on calendar year; specifies that broker-dealer does not have duty to inquire into certain actions by an agent & is not liable for relying in good faith on an agent’s actions; provides that agent acquires general authority regarding securities held by broker-dealer.”
Are you a notary in Florida? Do you want more information about this new legislation? Read the official summary and find other details here.
Read a copy of the actual document here.
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