This Limited Power of Attorney form provides for a limited power of attorney for stock transactions only. It used by a shareholder to authorize another person to vote stock and to conduct other corporate powers. The document must be signed before two witnesses.
A power of attorney is a legal document that grants someone else the authority to make decisions and take actions on your behalf. It is crucial to understand the various powers that can be granted through a power of attorney to ensure your desired level of control and protection. The powers granted in a power of attorney can vary based on the specific needs and circumstances of the individual creating the document. Here are a few types of power attorney powers that can be included, highlighting their functionalities and relevant keywords: 1. General Power of Attorney: This type grants broad powers to the agent, allowing them to handle a wide range of financial, legal, and personal matters on the individual's behalf. Relevant keywords: broad powers, wide-reaching authority, comprehensive decision-making. 2. Limited Power of Attorney: In contrast to the general power of attorney, this type authorizes the agent to act on behalf of the individual only in specific situations or for specific transactions. Relevant keywords: specific situations, limited authority, specialized representation. 3. Financial Power of Attorney: This type focuses on financial matters, such as managing bank accounts, paying bills, filing taxes, making investments, and operating business interests. Relevant keywords: financial management, monetary transactions, asset control. 4. Medical Power of Attorney: Also known as a healthcare power of attorney or healthcare proxy, this type grants an agent the authority to make medical decisions on behalf of the individual if they become incapacitated or unable to communicate their preferences. Relevant keywords: medical decision-making, healthcare proxy, surrogate decision-maker. 5. Durable Power of Attorney: A durable power of attorney remains in effect even if the individual becomes mentally incapacitated or unable to make decisions independently. It offers continuity in decision-making by allowing the agent to act on their behalf during incapacity. Relevant keywords: decision-making continuity, mental incapacity, durable authority. 6. Springing Power of Attorney: Unlike the durable power of attorney, a springing power of attorney takes effect only when a specific event or condition occurs, usually the incapacity of the individual. Relevant keywords: conditional authority, triggering event, incapacity determiner. 7. Special Power of Attorney: This type designates an agent for a particular purpose or time frame, limiting their authority to a specific task or situation. Relevant keywords: specific purpose, time-limited authority, task-oriented representation. Remember, the powers granted through a power of attorney can be tailored to meet individual needs, enabling someone you trust to act on your behalf when necessary. It is crucial to consult with an attorney to ensure your power of attorney document accurately reflects your intentions and provides the desired level of control.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
