Pa. Bill Would Shield Banks In Power Of Attorney Cases

Law360, Philadelphia (March 8, 2013, 6:32 PM EST) -- A Pennsylvania state legislator unveiled a bill Wednesday that would grant banks, retirement systems and other third parties greater protection from liability stemming from errors and misdeeds committed by individuals acting under power of attorney, responding to a 2010 decision by the state’s Supreme Court.

Senate Bill 620, introduced by Sen. Stewart Greenleaf, R-Montgomery, would counter the effect of the court’s ruling in Vine v. Commonwealth, which found that banks may be held liable both by failing to comply with the instructions of an agent as...
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