Minn Stat 523 23 Short Form POA - Minnesota State Bar Association - mnbar 2025

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A financial power of attorney is a document that gives someone permission to act on another persons behalf. When a person creates a power of attorney, they are considered the principal. The individual to whom they give this permission is called their agent or attorney-in-fact.
523.20 provides that any party refusing to accept the authority of an attorney-in-fact is liable in the same manner as the party would be liable had the party refused to accept the authority of the principal unless the party had actual knowledge of the POAs revocation, the POA has expired, or the party has actual
A statutory short form power of attorney an individual residing in Minnesota may use to authorize a third party to manage the individuals property and financial matters. This Standard Document has integrated notes and drafting tips.
When a power of attorney is considered durable, it remains valid even if you become incompetent or incapacitated. An ordinary power of attorney expires if a person becomes unable to make his or her own decisions.
520-523) 523.23. Statutory short form of general power of attorney; formal requirements; joint agents. Before completing and signing this form, the principal must read and initial the IMPORTANT NOTICE TO PRINCIPAL that appears after the signature lines in this form.
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Notarization is not mandatory for a POA in Minnesota unless it grants real property transaction powers.

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