Statutory short form power of attorney means a power of attorney that meets the requirements of paragraphs (a), (b) and (c) of subdivision (1) of section 5-1501B of this title, and that contains the exact wording of the form set forth in section 5-1513 of this title.
What is the difference between statutory and general power of attorney?
The court will follow a statutory order of persons who have precedence to be appointed. You may love these people dearly but have no confidence in their ability to manage your financial matters. In a general power of attorney, you retain the ability to say who you want to act as your agent.
What is a statutory short form power of attorney in NC?
A Power of Attorney (POA) is a legal document that gives someone the ability to make financial decisions and enter into transactions on your behalf. In signing a Power of Attorney, you are considered the Principal, or the person granting the power.
What is a short form of POA?
An important component of an estate plan is a statutory durable power of attorney, often called a general power of attorney. This power of attorney allows you to name an agent or agents to carry on business-type activities on your behalf if, for any reason, you are not able to do so yourself.
What is a statutory short form power of attorney?
Statutory short form power of attorney means a power of attorney that meets the requirements of paragraphs (a), (b) and (c) of subdivision one of section 5-1501B of this title, and that substantially conforms to the wording of the form set forth in section 5- 1513 of this title; provided however, that any section
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by AB Cox 2004 Cited by 129 Often unrecognized is the fact that plenary power doctrine is in large part a doctrine of standing: courts reject constitutional challenges to immigration
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