Pennsylvania Authority of Signatory to Bind the Guarantor

State:
Multi-State
Control #:
US-OL4A024BA
Format:
Word; 
PDF
Instant download

Description

This office lease form states that a guaranty in which a corporate guarantor has the authority of the signatory to bind a corporation. This guaranty gives the guarantor full power, authority and legal right to execute and deliver this guaranty and that this guaranty constitutes the valid and binding obligation of the guarantor.

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FAQ

Chapter 56 - Powers of Attorney. Section 5606 - Proof of continuance of powers of attorney by affidavit.

The court shall have exclusive power to remove a personal representative when he: (1) is wasting or mismanaging the estate, is or is likely to become insolvent, or has failed to perform any duty imposed by law; or (2) Deleted.

§ 327. Oaths and acknowledgments. (a) General ability. --Each judicial officer, each clerk of court, each retired or senior judge and such other personnel of the system and jurors as may be designated by or pursuant to general rules may administer oaths and affirmations and take acknowledgments.

Section 5604 - Durable powers of attorney (a) Definition. --A durable power of attorney is a power of attorney by which a principal designates another his agent in writing. The authority conferred shall be exercisable notwithstanding the principal's subsequent disability or incapacity.

The principal can override a power of attorney at any time as long as have sufficient mental capacity to understand what they are doing.

Section 5512 - County of appointment; qualifications (a) Resident incapacitated person. --A guardian of the person or estate of an incapacitated person may be appointed by the court of the county in which the incapacitated person is domiciled, is a resident or is residing in a long-term care facility.

I HEREBY ACKNOWLEDGE THAT WHEN I ACT AS AGENT: I SHALL ACT IN ANCE WITH THE PRINCIPAL'S REASONABLE EXPECTATIONS TO THE EXTENT ACTUALLY KNOWN BY ME AND, OTHERWISE, IN THE PRINCIPAL'S BEST INTEREST, ACT IN GOOD FAITH AND ACT ONLY WITHIN THE SCOPE OF AUTHORITY GRANTED TO ME BY THE PRINCIPAL IN THE POWER OF ATTORNEY.

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Pennsylvania Authority of Signatory to Bind the Guarantor