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An Authorization Letter To Withdraw Money From Cooperative is a crucial document used in New Zealand when a cooperative member needs to delegate their withdrawal rights to another person. This document is particularly important for situations where members cannot personally conduct transactions, such as during extended absences, illness, or when requiring a representative to handle their cooperative affairs. The letter must comply with New Zealand's cooperative and financial services regulations, including the Cooperative Companies Act 1996 and anti-money laundering legislation. It typically specifies the authorized amount, duration of authorization, and includes necessary verification elements to protect both the member's and cooperative's interests. This document is commonly used across various cooperative types, from credit unions to agricultural cooperatives, and requires proper witnessing and documentation to ensure legal validity.

1. Letter Date and Cooperative Details: Current date and full name/address of the cooperative

2. Authorizer's Information: Full name, membership number, contact details, and address of the member giving authorization

3. Authorized Person's Information: Full name, ID details, and contact information of the person being authorized to make the withdrawal

4. Authorization Statement: Clear statement of authorization including the specific amount or maximum limit authorized for withdrawal

5. Account Details: Relevant cooperative account numbers and types from which withdrawal is authorized

6. Duration of Authorization: Specific timeframe for which the authorization remains valid

7. Signature Block: Space for authorizer's signature, date, and witness details