Power Attorney Powers With Consideration

State:
South Carolina
Control #:
SC-P099E
Format:
Word; 
Rich Text
Instant download

Description

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.
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  • Preview Limited Power of Attorney for Stock Transactions and Corporate Powers
  • Preview Limited Power of Attorney for Stock Transactions and Corporate Powers
  • Preview Limited Power of Attorney for Stock Transactions and Corporate Powers

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FAQ

A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care. A limited power of attorney restricts the agent's power to particular assets.

A general power of attorney allows the agent to make a wide range of decisions. This is your best option if you want to maximize the person's freedom to handle your assets and manage your care.

There are 3 different types of power of attorney: lasting power of attorney (LPA), enduring power of attorney (EPA) and ordinary power of attorney. LPAs came into force in October 2007. Before that, people made EPAs. It's no longer possible to make an EPA, but an EPA made before October 2007 remains valid.

If power of attorney co-agents disagree on a financial decision and the principal is mentally competent and not physically incapacitated, then the principal's decision supersedes the representatives. The principal also has the authority to revoke an agent's authority.

You can give someone the legal authority to act for you with a document called a Power of Attorney. If you give a Power of Attorney, you are called the principal and the person you give it to is called the agent or the attorney-in-fact.

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More info

With a power of attorney for property, one individual (the attorney) makes financial decisions on behalf of another (the grantor). Powers of attorney are a species of agencycreating document.(1) "Agent" means a person granted authority to act for a principal under a power of attorney, whether denominated an agent, attorney-in-fact, or otherwise. From whom to appoint to what powers to grant, care and consideration should be put into each choice. This document does not give someone the power to make medical decisions or personal health decisions for you. A power of attorney is a legal document delegating authority from one person to another.

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Power Attorney Powers With Consideration