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.
Power of Attorney is a legal document that enables an individual, known as the principal, to grant someone else, known as the agent or attorney-in-fact, the authority to act on their behalf in making financial, legal, medical, or other important decisions. When it comes to the state of Texas, there are different types of Power of Attorney forms available, each serving a specific purpose. One commonly used form is the General Power of Attorney. This grants the agent powers to handle various matters on behalf of the principal, such as managing finances, entering into contracts, buying or selling properties, and handling business affairs. The authority granted in this form is typically broad and comprehensive, allowing the agent to act in the best interest of the principal. Another type is the Durable Power of Attorney. This form provides similar powers to the agent as the General Power of Attorney, but it remains valid even if the principal becomes mentally or physically incapacitated. It ensures that the agent can continue to act on behalf of the principal, making important decisions or executing documents, even if the principal is no longer able to do so themselves. For those seeking to grant someone else the authority to make healthcare decisions on their behalf, the Medical Power of Attorney form is utilized. This legal document authorizes the agent to make medical choices, including treatment options, medications, and even determining the appropriate healthcare provider. The principal can outline specific instructions or preferences in the form to guide the agent's decision-making process. Moreover, the Statutory Durable Power of Attorney form is recognized in Texas. This form provides a comprehensive set of powers that the principal can choose to grant to their agent. These powers can be defined and limited as per the principal's wishes, allowing them to customize the document according to their specific needs. In conclusion, Power of Attorney powers in Texas encompass a range of forms tailored to different purposes. These forms include the General Power of Attorney, Durable Power of Attorney, Medical Power of Attorney, and Statutory Durable Power of Attorney. Each form grants specific powers to agents, enabling them to act on behalf of the principal in various legal, financial, or healthcare matters. It is essential to carefully consider the specific powers needed and consult with legal professionals to determine the most suitable form for individual circumstances.
