Interpretative Positions Related to Recent Changes to the New York Power of Attorney Law

January 19, 2010

Sullivan & Cromwell, represented by James Morphy, along with 51 other law firms signed a white paper that sets out a number of interpretative positions relating to recent changes to the statute governing New York powers of attorney that are highly relevant, among other items, to proxies provided by shareholders to New York and non-New York corporations under state law and certain powers of attorney executed in connection with the registration of transfer of certificated securities.