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April 2024, question 4
Broker Compliance · Entry and release
Which statement accurately reflects the duration limitations for powers of attorney?
- Powers of attorney issued by a partnership can be granted for an unlimited period and all other powers of attorney are limited to a period not to exceed two (2) years from the date signed.
- Powers of attorney issued by a partnership and all other powers of attorney have the same duration limitation of two (2) years from the date signed.
- Powers of attorney issued by a partnership shall be limited to a period not to exceed two (2) years from the date of execution, while all other powers of attorney may be granted for an unlimited period.
- Powers of attorney issued by a partnership are valid for five (5) years from the date of execution, while all other powers of attorney may be granted for an unlimited period.
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CBP's answer: C. C: Powers of attorney issued by a partnership shall be limited to a period not to exceed two (2) years from the date of execution, while all other powers of attorney may be granted for an unlimited period.
Only a partnership's power of attorney is capped, at 2 years from the date of execution. All other powers of attorney may be granted for an unlimited period, which is choice C. The other choices swap the groups or invent a 5-year limit.
Powers of attorney issued by a partnership shall be limited to a period not to exceed 2 years from the date of execution. All other powers of attorney may be granted for an unlimited period. 19 CFR 141.34
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CBP's key cites: 19 CFR 141.34
Question and key from CBP's April 2024 exam and answer key. The walk-through is ours; quotes are from the pinned editions in the reference viewer (HTSUS 2026 Basic, 19 CFR 2025 edition).