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Mississippi 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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US-OG-021
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Description

This power of attorney grants the agent/attorney in fact more comprehensive powers in dealing with oil and gas properties. By being durable, it allows the agent to execute oil and gas leases and otherwise deal with properties after the disability or incapacity of the principal/owner.

A Mississippi Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties is a legal document that empowers an agent to act on behalf of the principal in matters related to oil and gas leasing, as well as other property dealings in the oil and gas industry. This type of power of attorney is specifically designed to grant the agent the authority to negotiate, enter into, and execute oil and gas leases on behalf of the principal. The document also allows the agent to handle attendant instruments, such as assignments, agreements, and contracts related to oil and gas properties. The Mississippi Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties can be further classified into different types based on specific needs and requirements. Some common variations include: 1. Limited Power of Attorney: This type of power of attorney grants the agent specific and limited authority, typically for a particular transaction or a specified period of time. For example, the principal may authorize the agent to negotiate and execute a lease agreement for a specific oil and gas property. 2. General Power of Attorney: With a general power of attorney, the agent is given broad authority to handle various matters related to oil and gas properties. This includes negotiating and executing lease agreements, managing property rights, and dealing with attendant instruments. 3. Springing Power of Attorney: A springing power of attorney comes into effect only when a specific event or condition specified in the document occurs. For instance, the principal may become incapacitated or unavailable, triggering the activation of the agent's authority. 4. Revokeable Power of Attorney: This type of power of attorney allows the principal to terminate or revoke the agent's authority at any time. It provides flexibility in case the principal's circumstances or preferences change. It is important to note that this description is provided for informational purposes only and does not constitute legal advice. Individuals should consult with a qualified attorney familiar with Mississippi laws to understand the specific requirements and implications of a Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties before proceeding.

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Durable Power of Attorney for Health Care and Living Will This advance directive form is an official document where you can write down your wishes for your healthcare. If you can't make health care decisions for yourself, this advance directive can help guide the people who will make decisions for you.

A general POA gives your agent considerable power over your affairs, but there are still some things they can't do. For example, they can't enter into a marriage on your behalf, or make changes to your last will and testament.

A Power of Attorney or POA is a document that authorizes someone else to act as your agent. For example, you might grant or give a POA to a friend, authorizing your friend to act as your agent to sell your car, ship your household goods, or obtain medical care for your child.

Section 20(1) of the Power of Attorney Act states that ?an attorney may make a gift or loan, or charitable gift, from the adult's property if the enduring power of attorney permits the attorney to do so or if (a) the adult will have sufficient property remaining to meet the personal care and health care needs of the ...

09 Jun Power of Attorney in Canada: What Is It, Why You Need One. A power of attorney in Canada is a legal arrangement that allows you to appoint a person you trust to make financial or health care decisions on your behalf.

The durable power of attorney allows an agent to continue to act on the principal's behalf even after the principal suffers a stroke, dementia or other incapacitating illness or accident.

The Power of Attorney must be registered in the office of the register of deeds in order for it to be effective after the principal becomes incompetent.

A power of attorney gives the attorney the legal authority to deal with third parties such as banks or the local council. Some types of power of attorney also give the attorney the legal power to make a decision on behalf of someone else such as where they should live or whether they should see a doctor.

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(a) The following persons may petition a court to construe a power of attorney or review the agent's conduct, and grant appropriate relief: (1) The principal or ... By being durable, it allows the agent to execute oil and gas leases and otherwise deal with properties after the disability or incapacity of the principal/owner ...This power of attorney grants an agent the authority to execute oil and gas leases on behalf of a mineral owner. The power of attorney is durable and will ... Click on New Document and choose the form importing option: upload Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, ... Create a personalized and optimized Mississippi Power of Attorney free form online now. Start a legally binding POA to appoint a trusted Agent today. The broker will have a deal with an oil and gas producer to put a team out in the field ... Your attorney can also offer wording that will cover whatever special ... This collection of forms can be an essential tool for all landmen, landowners, mineral rights owners and attorneys. The forms in this collection are ... Authorize someone to make decisions on your behalf. Make & save a customized Power of Attorney for Mississippi with Rocket Lawyer. Attorney. Effective Sept. 1, 1997, the. Durable Power of Attorney Act was amended to specifically authorize the holder to execute oil and gas leases)2°. Each form is designed using a MS Word "Fill in the Blank" format. This allows you to quickly make changes, additions and deletions to prepare your documents.

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Mississippi Durable Special Power of Attorney Granting Agent the Right to Execute Oil and Gas Leases, Attendant instruments, and Deal with Oil and Gas Properties