An attorney can probably cure the problem for the agent. A stale power of attorney can be refreshed in several ways. One is to have the agent sign an affidavit that he or she is still authorized to act for the principal. An attorney can also sign an affidavit showing that the power of attorney is still valid.
DEFINITION of '1913 Federal Reserve Act'. The 1913 U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States.EFINITION of '1913 Federal Reserve Act'. The 1913 U.S. legislation that created the current Federal Reserve System. The Federal Reserve Act intended to establish a form of economic stability through the introduction of the Central Bank, which would be in charge of monetary policy, into the United States.
Enter Your Zip Code to Connect with a Lawyer Serving Your Area. The Federal Reserve Act established the Federal Reserve System as the central banking authority of the United States. In the early 1900s, economists believed that the United States banking system needed reform.