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

State:
Multi-State
Control #:
US-OG-021
Format:
Word; 
Rich Text
Instant download

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.
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FAQ

The rules and restrictions for PoA forms are different by state; however, in North Dakota, your Power of Attorney will need to be acknowledged by a notary public.

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.

You can give someone the legal authority to act for you with a document called a Power of Attorney. If you give a Power of Attorney, you are called the principal and the person you give it to is called the agent or the attorney-in-fact. A paper giving a Power of Attorney should be clear and understandable.

A universal agent has power of attorney. The authority to act for another person in specified or all legal or financial matters.

The person named in a power of attorney to act on your behalf is commonly referred to as your "agent" or "attorney-in-fact." With a valid power of attorney, your agent can take any action permitted in the document. Often your agent must present the actual document to invoke the power.

A durable power of attorney for health care is a legal document that permits you (the PRINCIPAL) to appoint someone else to make medical decisions for you if you lack the capacity to make health care decisions yourself, and to provide instructions as to your specific health care decisions.

A North Dakota vehicle power of attorney form is utilized to convey a vehicle owner's authority to make decisions related to the vehicle to an agent. This paperwork will entitle the agent to manage issues involving motor vehicles in North Dakota.

The agent is authorized to: accept, receipt for, exercise, release, reject, renounce, assign, disclaim, demand, sue for, claim and recover any legacy, bequest devise, gift or other property interest or payment due or payable to or for the principal; assert any interest in and exercise any power over any trust, estate ...

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