Cal. PROB § 4455
This is the official text of Cal. PROB § 4455, part of California’s Probate Code — governs wills, trusts, estates, and conservatorships.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
Official statutory text
In a statutory form power of attorney, the language granting power with respect to banking and other financial institution transactions empowers the agent to do all of the following:
(a) Continue, modify, and terminate an account or other banking arrangement made by or on behalf of the principal.
(b) Establish, modify, and terminate an account or other banking arrangement with a bank, trust company, savings and loan association, credit union, thrift company, industrial loan company, brokerage firm, or other financial institution selected by the agent.
(c) Hire or close a safe deposit box or space in a vault.
(d) Contract to procure other services available from a financial institution as the agent considers desirable.
(e) Withdraw by check, order, or otherwise money or property of the principal deposited with or left in the custody of a financial institution.
(f) Receive bank statements, vouchers, notices, and similar documents from a financial institution and act with respect to them.
(g) Enter a safe deposit box or vault and withdraw or add to the contents.
(h) Borrow money at an interest rate agreeable to the agent and pledge as security personal property of the principal necessary in order to borrow, pay, renew, or extend the time of payment of a debt of the principal.
(i) Make, assign, draw, endorse, discount, guarantee, and negotiate promissory notes, checks, drafts, and other negotiable or nonnegotiable paper of the principal, or payable to the principal or the principal’s order, receive the cash or other proceeds of those transactions, and accept a draft drawn by a person upon the principal and pay it when due.
(j) Receive for the principal and act upon a sight draft, warehouse receipt, or other negotiable or nonnegotiable instrument.
(k) Apply for and receive letters of credit, credit cards, and traveler’s checks from a financial institution, and give an indemnity or other agreement in connection with letters of credit.
(l) Consent to an extension of the time of payment with respect to commercial paper or a financial transaction with a financial institution.
(a) Continue, modify, and terminate an account or other banking arrangement made by or on behalf of the principal.
(b) Establish, modify, and terminate an account or other banking arrangement with a bank, trust company, savings and loan association, credit union, thrift company, industrial loan company, brokerage firm, or other financial institution selected by the agent.
(c) Hire or close a safe deposit box or space in a vault.
(d) Contract to procure other services available from a financial institution as the agent considers desirable.
(e) Withdraw by check, order, or otherwise money or property of the principal deposited with or left in the custody of a financial institution.
(f) Receive bank statements, vouchers, notices, and similar documents from a financial institution and act with respect to them.
(g) Enter a safe deposit box or vault and withdraw or add to the contents.
(h) Borrow money at an interest rate agreeable to the agent and pledge as security personal property of the principal necessary in order to borrow, pay, renew, or extend the time of payment of a debt of the principal.
(i) Make, assign, draw, endorse, discount, guarantee, and negotiate promissory notes, checks, drafts, and other negotiable or nonnegotiable paper of the principal, or payable to the principal or the principal’s order, receive the cash or other proceeds of those transactions, and accept a draft drawn by a person upon the principal and pay it when due.
(j) Receive for the principal and act upon a sight draft, warehouse receipt, or other negotiable or nonnegotiable instrument.
(k) Apply for and receive letters of credit, credit cards, and traveler’s checks from a financial institution, and give an indemnity or other agreement in connection with letters of credit.
(l) Consent to an extension of the time of payment with respect to commercial paper or a financial transaction with a financial institution.
Status: in_force · Read it on the official government site
Dealing with a probate matter in California?
See all California Probate lawyers
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.