This form is a generic example that may be referred to when preparing such a form for your particular state. It is for illustrative purposes only. Local laws should be consulted to determine any specific requirements for such a form in a particular jurisdiction.
Missouri Deed of Trust Securing Obligations Pursuant to Indemnification Agreement
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State:
Multi-State
Control #:
US-01776BG
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Word;
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FAQ
404.710. Power of attorney with general powers. ? 1. A principal may delegate to an attorney in fact in a power of attorney general powers to act in a fiduciary capacity on the principal's behalf with respect to all lawful subjects and purposes or with respect to one or more express subjects or purposes.
Enforceability: When properly drafted and executed, Hold Harmless Agreements are generally enforceable in court, provided they are not unconscionable or against public policy.
456.8-816(d)(25). A trustee without the requisite expertise should not be completing and filing tax returns, making legal judgments on trust issues or investing trust funds. In all cases, they can and should hire the right professional to assist them.
The cost of hiring a law firm to write a Power of Attorney can add up to anywhere from $200 to $500.
A corporation created under the laws of this state may indemnify any person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit, or proceeding, whether civil, criminal, administrative or investigative, other than an action by or in the right of the corporation, ...
In the indemnity clause, one party commits to compensate another party for any prospective loss or damage. More common is in insurance contracts, in exchange for premiums paid by the insured to the insurer, the insurer offers to compensate the insured for any potential damages or losses.
A person who is appointed an attorney in fact under a durable power of attorney has no duty to exercise the authority conferred in the power of attorney, whether or not the principal has become disabled or incapacitated, is missing or is held in a foreign country, unless the attorney in fact has agreed expressly in ...
Indemnification, also referred to as indemnity, is an undertaking by one party (the indemnifying party) to compensate the other party (the indemnified party) for certain costs and expenses, typically stemming from third-party claims.
A deed of trust is the most common method of securing a lien on real estate in Missouri. Mortgages are rarely used.
A Missouri limited power of attorney form can be used to designate a representative to take care of your financial matters for a specific transaction or for a limited period of time. For instance, if there is a real estate transaction for which you are going to be away, you can appoint a person to sign on your behalf.
