Limited Power Powers Force

• Category: Power of Attorney - Limited
• State: Georgia
• Control #: GA-P099E
• Format: Word; Rich Text

Description

The Limited Power of Attorney for Stock Transactions and Other Corporate Powers is a legal document that empowers an appointed individual to act on behalf of the principal specifically regarding stock transactions within a corporation. This form allows the attorney-in-fact to exercise stock options, vote shares, and manage corporate powers that the principal would typically handle. Key features of this document include the ability to receive, hold, transfer, and sell stock certificates; execute necessary contracts; and manage transactions relating to the corporation's stock as deemed appropriate by the agent. Filling out this form involves accurately entering the principal's and attorney-in-fact's details, specifying the powers granted, and ensuring adherence to witnessing requirements to validate the document. This form is particularly useful for attorneys, partners, and corporate owners who need flexibility in managing stock transactions without direct involvement. Paralegals and legal assistants may also utilize this form to assist clients in establishing clear and legally binding powers related to corporate management. It is essential to select whether the power of attorney is durable, remaining effective despite any subsequent disability or incompetence, or non-durable, which would limit its efficacy under such conditions.

Law summary