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Security & Fraud

If there is more than one Deputy being appointed in the Court Order, how would the Bank process instructions?

If a court order states that the Deputies are to act:

 

  • Jointly
    This means that joint instruction must be given by the Deputies on P’s bank account. No single Deputy’s instruction can be accepted. 

  • Jointly and severally
    This means that the Deputies can give their instructions to the bank singly or jointly on P’s bank account. Both the single or joint instructions are valid and binding on both Deputies.

  • Unstated
    If the court order does not specify whether the Deputies are to act jointly or singly, the law assumes they are to act jointly. 

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