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Cheques Act 1986
34Procuration signature
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#### 34 Procuration signature
Where an agent writes or places a signature by procuration on a cheque:
(a) the signature operates as notice that the agent has only limited authority to sign for the agent’s principal; and
(b) the principal is not bound by the signature unless the agent, in signing the cheque, acts within the limits of the agent’s actual authority.