Authorizing other person to dispose of the deposit funds
The deposit holder can, at the moment of opening the deposit or additionally, give authorization to another individual (one or more than one) for disposing of the deposit funds in the validity period of the deposit agreement:
- at SB's counters
- with Notary Public,
- diplomatic mission or liaison representative office of the Republic of Macedonia abroad, and with other competent body
The authorization given out of SB's premises with competent external bodies is submitted to SB in original, or in copy notarized with Notary Public.
The deposit holder can give authorization for:
- unlimited disposal of funds
- limited disposal of funds (to a specified amount, or specified period, or for disposal only of interest and alike)
- one-purpose power of attorney
The authorized person has not got the right to request from SB to close the account in which the deposit is kept, or to assign his/her authorization to another person.
The deposit holder can determine the power of attorney to be used in the validity period of the deposit agreement until revoking by the deposit holder.