Special Power Of Attorney Coupled With Interest
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How to fill out Special Military Power Of Attorney?
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FAQ
For example, a license to enter someone's land to hunt and take away the deer killed involves the grant of an interest in the deer and also a license annexed to it to come on the land. The interest must be a recognized interest in the property, and it must have been validly created.
In fact, a ?proxy coupled with an interest? to vote on a particular issue is considered a legal interest in the corporation for many purposes, including the fact that it often allows the holder of the proxy standing to challenge the actions of the corporation in court.
Functions of Agency Coupled With an Interest An agency coupled with an interest is when the agent receives an estate or interest in the property that is the subject of the agency. The agent in this relationship holds or controls the principal's property and has legal rights against interference by outside parties.
A contractual relationship with consideration going from agent to principal; the agency is given as return consideration. Example: A broker agrees to work to obtain property for a builder in return for a listing after the builder has completed the project.
The term 'coupled with interest' is used to describe a type of power of attorney that gives the agent the authority to handle not only the principal's property but also any interests which may result from such authority.