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RE: Steem Multi-Signature Transaction Guide for Beem/Python
The account recovery on its own only affects the owner authority, all other authorities are not touched. In the Request_account_recovery
operation, you can specify how the new authority should look like, including any account_auths, key_auths, weights and the threshold - see for example here. Changing any lower-priviledged keys is then possible from the new owner authority.