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If there is more than one Donee, how would the Bank process instructions?

If the LPA states that the Donees are to act:

 

  • Jointly
    This means that the Donees have to act together and cannot act separately.

  •  Jointly and severally
    This means that the Donees can take the decision together or separately. Both types of decisions are valid and binding on both Donees.

  • Unstated
    If the Donor does not specify how his/her Donees are to act, the law assumes they are to act jointly.

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