Limited Power of Attorney for Stock Transactions and Corporate Powers - Hawaii 2025

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  1. Click ‘Get Form’ to open it in the editor.
  2. Begin by filling in your name and address at the top of the form. Ensure that all details are accurate, as this identifies you as the principal.
  3. Next, designate your attorney-in-fact by entering their name and address. This person will have the authority to act on your behalf regarding stock transactions.
  4. Specify the corporation's name where you hold stock. This is crucial for defining the scope of authority granted.
  5. Indicate whether this power of attorney is non-durable or durable by checking the appropriate box. A durable power remains effective even if you become incapacitated.
  6. Sign and date the document at the bottom, ensuring that witnesses also sign and provide their information as required.

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The durable POA remains in effect even if the principal becomes incapacitated or unable to make decisions for themselves. On the other hand, a limited POA or springing POA only takes effect under certain specified circumstances, such as when the principal becomes incapacitated.
A Company Power of Attorney (PoA), also called a Corporate Power of Attorney, is a legal document that grants a business the ability to authorize an individual or entity to act on its behalf. This authority can cover signing contracts, managing finances, handling legal matters, and making key business decisions.
In California, there are four main types of POAs, each offering a specific scope of decision-making power: general, durable, limited, and medical.
A durable POA may be necessary if you want to ensure that your financial and legal affairs are taken care of in the event of incapacitation, while a limited or springing POA may be more appropriate if you only want to grant someone else the authority to make certain decisions under specific circumstances.
A durable financial power of attorney can avoid financial disaster in the event you become incapacitated. You can also use a POA to allow someone to transact business for you if you are out of town or otherwise unavailable.
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Generally, a power of attorney remains effective until you revoke it or until you pass away. However, there are situations in which a power of attorney can become invalid, such as if it is tied to a specific event or period of time, or if your agent becomes incapacitated or passes away.

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