District of Columbia Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties
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How to fill out Durable Special Power Of Attorney Granting Agent The Right To Execute Oil And Gas Leases, Attendant Instruments, And Deal With Oil And Gas Properties?
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FAQ
A Washington D.C. durable power of attorney allows a resident (?principal?) to select someone else (?agent?) to handle any type of financial decision on their behalf. The agent will be able to continue to make the financial powers listed in the form even after the principal should become incapacitated.
What is the granting clause? The granting clause is the clause under which the owner of the oil and gas rights leases the oil and gas rights to the oil and gas company along with the right to develop the oil and gas on a specifically described piece of real estate.
This power of attorney authorizes another person (your agent) to make decisions concerning your property for you (the principal). Your agent will be able to make decisions and act with respect to your property (including your money) whether or not you are able to act for yourself.
Limited (Special) Power of Attorney Gives an agent the authority to complete a specific task, and usually ends when the task has been executed. Signing Requirements: Notary public.
Steps for Making a Financial Power of Attorney in D.C. Create the POA Using a Statutory Form, Software, or Attorney. ... Sign the POA in the Presence of a Notary Public. ... Store the Original POA in a Safe Place. ... Give a Copy to Your Agent. ... File a Copy With the Land Records Office. ... Consider Giving a Copy to Financial Institutions.
A Washington D.C. limited power of attorney form allows you to choose someone to handle a specific task on your behalf. The person choosing someone else (the ?principal?) is required to sign the form in the presence of a notary public for it to become in effect.
§ 21?2601.05. (b) A power of attorney executed under this chapter is not valid unless it is acknowledged before a notary public or other individual authorized by law to take acknowledgment. (Feb. 23, 2023, D.C. Law 24-236, § 2(d), 69 DCR 14660.)