This form is used by a Principal to declare that all power and authority granted under a Power of Attorney, which was not recorded, to a specified individual as Agent and Attorney-in-Fact for Principal is revoked, terminated, and withdrawn as of the Effective Date stated on the form.
Title: Oregon Notice of Revocation of Power of Attorney for an Unrecorded Power of Attorney: Explained Introduction: In Oregon, a Notice of Revocation of Power of Attorney for an Unrecorded Power of Attorney is a legal document used to cancel or revoke a previously granted power of attorney that was not recorded or registered with the appropriate authorities. By revoking an unrecorded power of attorney, the principal (the person who initially granted the power of attorney) terminates the authority of the agent (the appointed individual) to act on their behalf. Types of Oregon Notice of Revocation of Power of Attorney for an Unrecorded Power of Attorney: 1. General Notice of Revocation: A General Notice of Revocation is used when the principal wishes to revoke the unrecorded power of attorney in its entirety, canceling all previously granted powers and authorities conferred to the agent. 2. Specific Notice of Revocation: A Specific Notice of Revocation is used when the principal wishes to revoke only certain powers or authorities granted under the unrecorded power of attorney. This type of notice is useful when the principal desires to retain some powers while revoking others. Key Elements of an Oregon Notice of Revocation of Power of Attorney for an Unrecorded Power of Attorney: 1. Principal's Information: The principal must provide their full name, address, contact details, and any other identifying information required by the specific form. 2. Agent's Information: The agent's full name, address, and contact details must be included. This information will clarify the specific agent associated with the unrecorded power of attorney being revoked. 3. Effective Date of Revocation: The principal must specify the date on which the revocation will take effect. It is crucial to ensure clarity regarding the effective date to avoid potential misunderstandings. 4. Signature: The principal must sign the Notice of Revocation in the presence of a notary public or two witnesses, as required by Oregon law. 5. Notary Acknowledgment: If a notary public is utilized, their acknowledgment of the principal's signature should be included. This step adds credibility and authenticity to the document. Conclusion: An Oregon Notice of Revocation of Power of Attorney for an Unrecorded Power of Attorney provides a legal means for principals to cancel or revoke powers previously granted in an unrecorded power of attorney document. Whether a General or Specific Notice of Revocation is chosen, it is essential to follow the specific guidelines outlined in the Oregon statutes to ensure that the revocation is legally valid. Always consult an attorney experienced in Oregon law for clarification and guidance throughout the revocation process.
